**SECURITIES      AND EXCHANGE COMMISSION**

**Washington,      DC 20549**

**Form      10-Q**

**For      the quarterly period ended March 31, 2007**

**EVCI      Career Colleges Holding Corp.**

| Delaware                                                                      | **06-1488212**                                      |
|-------------------------------------------------------------------------------|-----------------------------------------------------|
| (State                of other jurisdiction of incorporation or organization) | (IRS                Employer Identification Number) |

**1      Van Der Donck Street, 2nd Floor, Yonkers, New York 10701**

**(914)      623-0700**

| Large                accelerated filer o | Accelerated                filer o | Non-accelerated                filer x |
|-----------------------------------------------|-----------------------------------------|----------------------------------------|

----

**Table      of Contents**

**Part      I**

**Financial      Information**

| **Item                1. Condensed Financial Statements**                                                                                                                               | **Page** |
|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|----------|
|                                                                                                                                                                                    |     |
| Condensed                Consolidated Balance Sheets as of March 31, 2007 (unaudited) and                December                31, 2006 (audited)                                     | 1        |
|                                                                                                                                                                                    |     |
| Condensed                Consolidated Statement of Operations for the three month periods                ended                March 31, 2007 (unaudited) and March 31, 2006 (unaudited) | 2        |
|                                                                                                                                                                                    |     |
| Condensed                Consolidated Statement of Cash Flows for the three month periods                ended                March 31, 2007 (unaudited) and March 31, 2006 (unaudited) | 3        |
|                                                                                                                                                                                    |     |
| Notes                to Condensed Consolidated Financial Statements                                                                                                                     | 4        |
|                                                                                                                                                                                    |     |
| **Item                2. Management’s Discussion and Analysis of Financial Condition and Results                of Operations**                                                   | 14       |

|                                                                                                          |     |
|---------------------------------------------------------------------------------------------------------------|----------|
| Overview                and Critical Accounting Policies                                                      | 14       |
|                                                                                                          |     |
| Comparison                of the three months ended March 31, 2007 and 2006                                   | 20       |
|                                                                                                          |     |
| Financial                Condition, Liquidity and Capital Resources                                           | 23       |
|                                                                                                          |     |
| **Item                3.** **Quantitative                and Qualitative Disclosures About Market Risk** | 24       |
|                                                                                                          |     |
| **Item                4.** **Controls                and Procedures**                               | 24       |
|                                                                                                          |     |
| **Part                II**                                                                                    |     |
| **Other                Information**                                                                          |     |
|                                                                                                          |     |
| **Item                1A.** **Risk                Factors**                                              | 25  |
|                                                                                                          |     |
| Forward-looking                Statements and Risk Factors                                                    | 25       |
|                                                                                                          |     |
| **Item                3.** **Defaults                Upon Senior Indebtedness**                          | 28       |
|                                                                                                          |     |
| **Item                6.** **Exhibits**                                                                  | 28       |
|                                                                                                          |     |
| **Signatures**                                                                                                | 39       |

----

**EVCI      CAREER COLLEGES HOLDING CORP. AND SUBSIDIARIES**

**CONDENSED      CONSOLIDATED BALANCE SHEETS**

|                                                                                                                                                  |   | **March                  31** |        |  **December                  31,** |   |
|-------------------------------------------------------------------------------------------------------------------------------------------------------|--------|-------------------------------|-------------|-----------------------------------------|--------|
|                                                                                                                                                  |   | **2007**                      |        |  **2006**                          |   |
|                                                                                                                                                  |   | **(unaudited)**               |        |  **(audited)**                     |   |
| **ASSETS**                                                                                                                                            |   |                          |        |                               |   |
| Current                  assets:                                                                                                                      |   |                          |        |                               |   |
|  Cash                  and cash equivalents                                                                                                      |   | $                             | 1,859,939   |                                    | $      | 2,151,238 |   |
|  Student                  accounts receivable, less allowance for doubtful accounts                                                              |   |                          |        |                                    |   |   |   |
|  of                  $5,588,105 and $3,608,249 respectively                                                                                      |   |                          | 12,856,729  |                                    |   | 5,860,856 |   |
|  Other                  receivables                                                                                                              |   |                          | 138,255     |                                    |   | 955,384 |   |
|  Prepaid                  income taxes                                                                                                           |   |                          | 234,448     |                                    |   | 329,986 |   |
|  Prepaid                  expenses and other current assets                                                                                      |   |                          | 928,170     |                                    |   | 712,681 |   |
|  Total                  current assets                                                                                                           |   |                          | 16,017,541  |                                    |   | 10,010,145 |   |
| Property                  and Equipment - net                                                                                                         |   |                          | 5,852,141   |                                    |   | 6,061,555 |   |
| Intangible                  assets                                                                                                                    |   |                          | 11,740,621  |                                    |   | 11,958,985 |   |
| Goodwill                                                                                                                                              |   |                          | 5,320,121   |                                    |   | 5,320,121 |   |
| Deferred                  income tax asset, net of valuation allowance of $6,957,500 and                  $6,957,500                  respectively    |   |                          | 5,557,500   |                                    |   | 5,557,500 |   |
| Other                  assets                                                                                                                         |   |                          | 2,416,682   |                                    |   | 2,775,991 |   |
|  Total                  assets                                                                                                                   |   | $                             | 46,904,606  |                                    | $      | 41,684,297 |   |
| **LIABILITIES                  AND STOCKHOLDERS' EQUITY**                                                                                             |   |                          |        |                                    |   |   |   |
| Current                  liabilities:                                                                                                                 |   |                          |        |                                    |   |   |   |
|  Revolving                  credit line                                                                                                          |   | $                             | 2,000,000   |                                    | $      | 2,000,000 |   |
|  Accounts                  payable and accrued expenses                                                                                          |   |                          | 9,966,171   |                                    |   | 10,453,786 |   |
|  Current                  portion of accrued liability related to closed facility                                                                |   |                          | 271,621     |                                    |   | 296,517 |   |
|  Deferred                  tuition revenue                                                                                                       |   |                          | 6,501,901   |                                    |   | 195,096 |   |
|  Current                  portion of capital lease obligation                                                                                    |   |                          | 283,316     |                                    |   | 327,215 |   |
|  Current                  portion of notes payable                                                                                               |   |                          | 2,545,504   |                                    |   | 2,386,232 |   |
|  Total                  current liabilities                                                                                                      |   |                          | 21,568,513  |                                    |   | 15,658,846 |   |
| Capital                  lease obligation, net of current portion                                                                                     |   |                          | 97,339      |                                    |   | 135,620 |   |
| Notes                  payable, net of current portion                                                                                                |   |                          | 8,989,416   |                                    |   | 9,677,697 |   |
| Accrued                  liability related to closed facility, net of current                  portion                                                |   |                          | 1,436,675   |                                    |   | 1,491,329 |   |
| Deferred                  rent                                                                                                                        |   |                          | 1,446,849   |                                    |   | 1,252,342 |   |
|  Total                  liabilities                                                                                                              |   |                          | 33,538,792  |                                    |   | 28,215,834 |   |
| Stockholders'                  Equity:                                                                                                                |   |                          |        |                                    |   |   |   |
|  Preferred                  stock - $.0001 par value; authorized 1,000,000 shares: none issued                  and                  outstanding |   |                          |        |                                    |   |   |   |
|  Common                  stock - $.0001 par value; authorized 20,000,000 shares; issued                  and                                     |   |                          |        |                                    |   |   |   |
|  outstanding                  12,689,617                                                                                                         |   |                          | 1,290       |                                    |   | 1,290 |   |
|  Additional                  paid-in capital                                                                                                     |   |                          | 52,813,344  |                                    |   | 52,677,754 |   |
|  Accumulated                  deficit                                                                                                            |   |                          | (39,448,820 | )                                       |   | (39,210,581 | ) |
|  Stockholders'                  equity                                                                                                           |   |                          | 13,365,814  |                                    |   | 13,468,463 |   |
|  Total                  liabilities and stockholders' equity                                                                                     |   | $                             | 46,904,606  |                                    | $      | 41,684,297 |   |

**See      Notes      to Condensed Consolidated Financial Statements**

----

**EVCI      CAREER COLLEGES HOLDING CORP. AND SUBSIDIARIES**

**CONDENSED      CONSOLIDATED STATEMENTS OF OPERATIONS**

|                                                          |   | **Three                Months Ended March 31,** |       |
|---------------------------------------------------------------|--------|-------------------------------------------------|------------|
|                                                          |   | **2007**                                        |       |  **2006** |   |
|                                                          |   |                                            |       |   |   |   |   |
| Net                revenue                                    |   | $                                               | 17,833,509 |   | $ | 18,791,973 |   |
| Other                income                                   |   |                                            | 95,553     |   |   | 107,395 |   |
| Total                revenue                                  |   |                                            | 17,929,062 |   |   | 18,899,368 |   |
| Operating                expenses:                            |   |                                            |       |   |   |   |   |
|  Cost                of revenue                          |   |                                            | 5,726,246  |   |   | 6,230,362 |   |
|  Selling,                general and administrative      |   |                                            | 11,839,309 |   |   | 13,040,253 |   |
| Total                operating expenses                       |   |                                            | 17,565,555 |   |   | 19,270,615 |   |
| Income/                (loss) from operations                 |   |                                            | 363,507    |   |   | (371,247 | ) |
| Other                income (expense):                        |   |                                            |       |   |   |   |   |
|  Interest                and financing costs             |   |                                            | (617,533   | ) |   | (438,130 | ) |
|  Interest                income                          |   |                                            | 15,787     |   |   | 73,207 |   |
| Loss                before provision for income taxes         |   |                                            | (238,239   | ) |   | (736,170 | ) |
| Provision                for income taxes                     |   |                                            | -          |   |   | 30,000 |   |
| Net                loss                                       |   | $                                               | (238,239   | ) | $ | (766,170 | ) |
| Net                loss per common share:                     |   |                                            |       |   |   |   |   |
| Basic                                                         |   | $                                               | (0.02      | ) | $ | (0.06 | ) |
| Diluted                                                       |   | $                                               | (0.02      | ) | $ | (0.06 | ) |
| Weighted                average of common shares outstanding: |   |                                            |       |   |   |   |   |
| Basic                                                         |   |                                            | 12,689,617 |   |   | 12,432,867 |   |
| Diluted                                                       |   |                                            | 12,689,617 |   |   | 12,432,867 |   |

**See      Notes to Condensed Consolidated Financial      Statements**

----

**EVCI      CAREER COLLEGES HOLDING CORP. AND SUBSIDIARIES**

**CONDENSED      CONSOLIDATED CASH FLOWS**

|                                                                                                          |   | **Three                Months Ended March 31,** |       |
|---------------------------------------------------------------------------------------------------------------|--------|-------------------------------------------------|------------|
|                                                                                                          |   | **2007**                                        |       |  **2006** |   |
|                                                                                                          |   | **(unaudited)**                                 |       |  **(unaudited)** |   |
| Cash                flows from operating activities:                                                          |   |                                            |       |    |   |
|  Net                loss                                                                                 |   | $                                               | (238,239   | ) | $ | (766,170 | ) |
| Adjustments                to reconcile net loss to net cash provided by operating                activities: |   |                                            |       |   |   |   |   |
|  Depreciation                and amortization                                                            |   |                                            | 1,035,114  |   |   | 897,682 |   |
|  Bad                debt expense                                                                         |   |                                            | 882,883    |   |   | 605,734 |   |
|  Non                cash compensation expense                                                            |   |                                            | 135,590    |   |   | 421,381 |   |
| Changes                in operating assets and liabilities:                                                   |   |                                            |       |   |   |   |   |
|  Increase                in students accounts receivable                                                 |   |                                            | (7,878,756 | ) |   | (4,738,161 | ) |
|  (Increase)/decrease                in prepaid expenses and other current assets                         |   |                                            | 601,640    |   |   | (216,991 | ) |
|  Decrease                in other assets                                                                 |   |                                            | 20,746     |   |   | 8,020 |   |
|  Increase/(decrease)                in accounts payable and accrued expenses                             |   |                                            | (487,615   | ) |   | 495,638 |   |
|  Decrease                in accrued liability related to closed facility                                 |   |                                            | (79,550    | ) |   | - |   |
|  (Increase)\decrease                in income taxes payable and prepaid income taxes                     |   |                                            | 95,538     |   |   | (200,019 | ) |
|  Increase                in deferred tuition revenue                                                     |   |                                            | 6,306,805  |   |   | 3,926,379 |   |
|  Increase                in deferred rent                                                                |   |                                            | 194,507    |   |   | 50,779 |   |
| **Net                cash provided by operating activities**                                                  |   |                                            | 588,663    |   |   | 484,272 |   |
| Cash                flows from investing activities:                                                          |   |                                            |       |   |   |   |   |
|  Purchases                of property and equipment                                                      |   |                                            | (297,309   | ) |   | (189,511 | ) |
|  Deposits                returned                                                                        |   |                                            | 193,515    |   |   | 59,627 |   |
|  Cash                received on funds received from escrow                                              |   |                                            | -          |   |   | 52,253 |   |
| **Net                cash used in investing activities**                                                      |   |                                            | (103,794   | ) |   | (77,631 | ) |
| Cash                flows from financing activities:                                                          |   |                                            |       |   |   |   |   |
|  Principal                payments on capital lease obligation                                           |   |                                            | (82,180    | ) |   | (75,563 | ) |
|  Principal                payment on notes payable                                                       |   |                                            | (693,988   | ) |   | (1,000,000 | ) |
|  Financing                costs related to bank agreement                                                |   |                                            | -          |   |   | (257,002 | ) |
|  Net                cash used in financing activities                                                    |   |                                            | (776,168   | ) |   | (1,332,565 | ) |
| Net                decrease in cash and cash equivalents                                                      |   |                                            | (291,299   | ) |   | (925,924 | ) |
| Cash                and cash equivalents at beginning of period                                               |   |                                            | 2,151,238  |   |   | 9,273,206 |   |
| Cash                and cash equivalents at end of period                                                     |   | $                                               | 1,859,939  |   | $ | 8,347,282 |   |
|  Supplemental                disclosures of cash flow information:                                       |   |                                            |       |   |   |   |   |
| Cash                paid during the period for:                                                               |   |                                            |       |   |   |   |   |
|  Interest                                                                                                |   | $                                               | 477,615    |   | $ | 300,185 |   |
|  Income                taxes                                                                             |   | $                                               | 23,015     |   | $ | 230,019 |   |
| **Supplemental                schedule of noncash investing and financing                activities:**        |   |                                            |       |   |   |   |   |
|  Notes                payable incurred in the acquisition of equipment                                   |   | $                                               | 164,979    |   | $ | - |   |

**See      Notes to Condensed Consolidated Financial      Statements**

----

**Notes      to Condensed Consolidated Financial Statements**

**Note      1 - Business and Basis of Presentation**

*TCI*

*Interboro.*

*PSB.*

----

----

**Note      2 - Stockholders’ Equity**

*Earnings      per share*

----

|                                                                                                |   | **Three                months ended****March                31,** |       |
|-----------------------------------------------------------------------------------------------------|--------|-------------------------------------------------------------------|------------|
|                                                                                                |   | **2007**                                                          |       | **2006** |   |
|                                                                                                |   |                                                              |       |   |   |
| Basic                weighted average number of common shares outstanding                           |   |                                                              | 12,689,617 |   |   | 12,432,867 |   |
|                                                                                                |   |                                                              |            |   |   |   |   |
| Effect                of assumed exercise of outstanding options*                                   |   |                                                              | -          |   |   | - |   |
|                                                                                                |   |                                                              |            |   |   |   |   |
| Effect                of assumed exercise of outstanding warrants*                                  |   |                                                              | -          |   |   | - |   |
|                                                                                                |   |                                                              |            |   |   |   |   |
| Diluted                weighted average number of shares of common stock                outstanding |   |                                                              | 12,689,617 |   |   | 12,432,867 |   |
|                                                                                                |   |                                                              |            |   |   |  |   |
| Restricted                shares, options and warrants not included above*                          |   |                                                              | 1,230,076  |   |   | 2,333,594 |   |

*Stock      Grants*

*Stock      Options*

----

|                                               |   | **Three                months ended****March                31,** |                   |
|----------------------------------------------------|--------|-------------------------------------------------------------------|------------------------|
|                                               |   | **2007**                                                          |                   | **2006** |   |
|                                               |   |                                                              |                   |   |   |
| Risk                free interest rate             |   |                                                              | 5                      | % |   | 3.25%                to 3.75 | % |
|                                               |   |                                                              |                   |   |   |   |   |
| Expected                volatility of common stock |   |                                                              | 92                     | % |   | 62 | % |
|                                               |   |                                                              |                   |   |   |  |   |
| Dividend                yield                      |   |                                                              | 0                      | % |   | 0 | % |
|                                               |   |                                                              |                   |   |   |  |   |
| Expected                option term                |   |                                                              | 4                years |   |   | 3                to 5 years |   |

|                                                            |   |   | **Number                of share** |   |   | **Weighted-                Average Exercise Price per Share** |   |   | **Weighted-Average                Remaining Contractual Term (in years)** |   |   | **Aggregate                Intrinsic Value** |   |
|-----------------------------------------------------------------|--------|--------|------------------------------------|--------|--------|---------------------------------------------------------------|--------|--------|---------------------------------------------------------------------------|--------|--------|----------------------------------------------|--------|
| Options                outstanding at December 31, 2006         |   |   | 1,131,738                          |   | $      | 1.0228                                                        |   |   |                                                                      |   |   |                                         |   |
| Options                granted                                  |   |   | 40,000                             |   |   | .4000                                                         |   |   |                                                                      |   |   |                                         |   |
| Options                exercised                                |   |   |                               |   |   |                                                          |   |   |                                                                      |   |   |                                         |   |
| Options                forfeited or expired                     |   |   |                               |   |   |                                                          |   |   |                                                                      |   |   |                                         |   |
| Options                outstanding at March 31, 2007            |   |   | 1,171,738                          |   | $      | .0184                                                         |   |   | 2.82                                                                      |   | $      | 5,200                                        |   |
| Options                vested and exercisable at March 31, 2007 |   |   | 777,369                            |   | $      | 1.0188                                                        |   |   | 2.82                                                                      |   | $      | 1,734                                        |   |

----

|                                                      |   |   | **Number                of share** |   |   | **Weighted-                Average Exercise Price per Share** |   |
|-----------------------------------------------------------|--------|--------|------------------------------------|--------|--------|---------------------------------------------------------------|--------|
| Options                outstanding at December 31, 2006   |   |   | 381,037                            |   | $      | 1.03                                                          |   |
| Options                granted                            |   |   | 40,000                             |   |   | 0.40                                                          |   |
| Options                vested                             |   |   | (26,668                            | )      |   | 0.90                                                          |   |
| Options                forfeited or expired               |   |   | -                                  |   |   | -                                                             |   |
|  Non-vested                options at March 31, 2007 |   |   | 394,369                            |   | $      | 0.97                                                          |   |

**Note      3 - Revenue Recognition**

**Note      4 - Notes Payable**

----

| ·   | The                revolver increases to $5.0 million and the term loan reduces to $2.35                million. The term loan can be increased once only up to $6.0 million                for                use in paying disallowances resulting from the DOE mandated ATB test                rescoring by Interboro. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | The                maturity date of the revolver and term loan is April 1,                2009. |
|--------------------|-------------------------------------------------------------------------------------------------|

| ·   | The                interest rate on the revolver and term loan is, at EVCI’s option, prime +                2.75% or LIBOR +4%. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------|

| ·   | The                term loan amortizes with six quarterly payments of $750,000 from                September                30, 2007 through December 31, 2008. |
|--------------------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Financial                covenants are either eliminated or                reset. |
|--------------------|-----------------------------------------------------------------------------------|

| ·   | Restrictions                on the payment of dividends are                unchanged. |
|--------------------|---------------------------------------------------------------------------------------|

**Note      5 - U.S. Department of Education Program Review**

----

**Note      6 - Subsequent Events**

*ComVest      Financing*

| ·   | Interest                accrues at 12% per annum. The first 12 months of interest of $1,048,365                will be prepaid at closing and increase the principal to $9,784,739.                After                12 months, the interest will accrue at 12% per annum compounded                quarterly. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Convertible                at ComVest’s option, if not repaid within 12 months after issuance, into                shares of EVCI’s common stock at $0.60 per share, subject to full ratchet                and other anti-dilution provisions. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Secured                by substantially all assets of                EVCI. |
|--------------------|----------------------------------------------------------------------------|

----

| ·   | Exercisable                for three years at $0.54 per share, subject to full ratchet and other                anti-dilution provisions. |
|--------------------|-------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | Permit                a cashless exercise. |
|--------------------|--------------------------------------------|

| ·   | Warrants                to purchase up to 1.0 million shares are exercisable by ComVest upon                issuance of the warrants. Warrants to purchase up to 26.5 million                shares                are not exercisable unless EVCI’s stockholders approve an increase in                EVCI’s authorized common stock.. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

*Resignation      and Election of Director*

*Bank      Debt Restructuring*

*OIG      Inquiry*

----

**Item      2. Management’s Discussion and Analysis of Financial Condition and Results of      Operations.**

**Overview      and Critical Accounting Policies**

----

* *

** **

|                       |   |   | **Initial** |   |   | **After                approximately 3 Weeks*** |   |
|----------------------------|--------|--------|-------------|--------|--------|-------------------------------------------------|--------|
| Spring                2006 |   |   | 900         |   |   | 850                                             |   |
| Summer                2006 |   |   | 900         |   |   | 850                                             |   |
| Fall                2006   |   |   | 1,080       |   |   | 1,000                                           |   |
| Spring                2007 |   |   | 1,080       |   |   | 1,000                                           |   |

| ·   | SED                monitored Interboro’s progress with site visits in the summer and fall of                2006. On March 23, 2007, Interboro received an interim report from                SED                that sets forth substantial progress and evident improvements but                also                notes continuing areas of weakness and concern that prevent any upward                adjustment or removal of the SED enrollment caps at this time. SED                does                not intend to issue a final report until after a third site visit,                tentatively scheduled for June                2007. |
|--------------------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | The                enrollment caps are tied to an SED expectation that at least 65%                of                Interboro students who are first enrolled at Interboro will persist                to                their second semester of attendance at Interboro. Interboro’s                persistence rate to a second semester for the spring 2006 semester                was                approximately 50%, which is a 19% increase over the 42% persistence                rate                in the spring 2005 semester. Interboro’s persistence rate to a second                semester for the summer 2006 semester was approximately 54%, which                is a                20% increase, over the 45% persistence rate in the comparable summer                2005                semester. Interboro’s persistence rate for the fall 2006 semester to the                spring 2007 semester was approximately 60%, which is a 15% increase                over                the 52% rate for the fall 2005                semester. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

----

*U.S.      Department of Education Program Review*

*Revenue      Recognition*

*Goodwill      and Other Intangible Assets*

----

*SFAS      No. 123R*

*Income      taxes*

*Niche      market*

----

*Marketing*

| **Period**                               | **Semester** |
|------------------------------------------|--------------|
|                                     |         |
| June                  through September  | Fall         |
| October                  through January | Spring       |
| February                  through May    | Summer       |

*Enrollments*

** **

|   |   | **2007** |   | **2006** |   | **2005** |   | **2004** |   |
|--------|--------|----------|--------|----------|--------|----------|--------|----------|--------|
|   |   |     |   |     |   |     |   |     |   |
| Spring |   |     | 6,145  |     |   | 6,160    |   |     | 3,700  |   |   | 2,800 |   |
| Summer |   |     |   |     |   | 4,140    |   |     | 2,650  |   |   | 1,975 |   |
| Fall   |   |     |   |     |   | 6,090    |   |     | 7,600  |   |   | 3,900 |   |
|   |   |     |   |     |   | 16,320   |   |     | 13,950 |   |   | 8,675 |   |

*Accelerated      TAP*

----

*Capacity*

*Seasonality      *

*Billing      and collections*

----

*Cost      of revenue*

*Other      salaries and all benefits*

**Comparison      of the three months ended March 31, 2007 and 2006**

|                                                        |   | **Three                months ended****March                31,** |   |
|-------------------------------------------------------------|--------|-------------------------------------------------------------------|--------|
|                                                        |   | **2007**                                                          |   | **2006** |   |
| Total                revenue                                |   |                                                              | 100.0  | % |   | 100.0 | % |
|                                                        |   |                                                              |   |   |   |  |   |
| Cost                of revenue                              |   |                                                              | 31.9   |   |   | 33.0 |   |
| Selling,                general and administrative expenses |   |                                                              | 66.0   |   |   | 69.0 |   |
| Total                operating expenses                     |   |                                                              | 97.9   |   |   | 102.0 |   |
| Loss                before provision for income taxes       |   |                                                              | (1.3   | ) |   | (3.9 | ) |
| Net                loss                                     |   |                                                              | (1.3   | ) |   | (4.1 | ) |

----

|                                 |   | **March                31, 2007**  |   |
|--------------------------------------|--------|-----------------------------------------|--------|
|                                 |   | **Interboro**                           |   | **TCI** |   | **PSB** |   | **Total** |   |
|                                 |   |                                    |   |   |   |   |   |   |   |
| Adjunct                instructors   |   |                                    | 103    |   |   | 92 |   |   | 20 |   |   | 215 |   |
| Full-time                instructors |   |                                    | 59     |   |   | 70 |   |   | 6 |   |   | 135 |   |
| Tutors                and Testers    |   |                                    | 24     |   |   | 10 |   |   | 0 |   |   | 34 |   |
| Admissions                staff      |   |                                    | 30     |   |   | 44 |   |   | 6 |   |   | 80 |   |
| Deans                and staff       |   |                                    | 6      |   |   | 25 |   |   | 0 |   |   | 31 |   |
| Academic                advisors     |   |                                    | 11     |   |   | 5 |   |   | 2 |   |   | 18 |   |
| Librarians                           |   |                                    | 7      |   |   | 4 |   |   | 0 |   |   | 11 |   |
| Total                                |   |                                    | 240    |   |   | 250 |   |   | 34 |   |   | 524 |   |

----

|                                            |   | **Three                months ended March 31, **  |   |
|-------------------------------------------------|--------|-------------------------------------------------------------|--------|
|                                            |   | **2007**                                                    |   | **2006** |   |
| Salaries                and benefits            |   |                                                        | 24.9   |   |   | 28.1 |   |
| Marketing                                       |   |                                                        | 9.2    |   |   | 7.0 |   |
| Depreciation                                    |   |                                                        | 3.7    |   |   | 4.0 |   |
| Professional                and consulting fees |   |                                                        | 3.0    |   |   | 5.3 |   |
| Non                cash compensation            |   |                                                        | 0.8    |   |   | 2.2 |   |
| Other                expenses                   |   |                                                        | 24.4   |   |   | 22.4 |   |
| Total                                           |   |                                                        | 66.0   |   |   | 69.0 |   |

----

**Financial      Condition, Liquidity and Capital Resources **

----

|                                              |   | Payments                due by period(in                thousands of dollars) |   |
|---------------------------------------------------|--------|-------------------------------------------------------------------------------|--------|
|                                              |   |  Total                                                                   |   | Less                thanOne                year |   | 1-3Years |   | 4-5years |   | More                than5                years |   |
| Line                of Credit                     |   | $                                                                             | 2,000  |   | $ | 2,000 |   | $ | - |   | $ | - |   | $ | - |   |
| Long-term                debt                     |   |                                                                          | 11,535 |   |   | 2,545 |   |   | 8,929 |   |   | 61 |   |   | - |   |
| Capital                leases                     |   |                                                                          | 380    |   |   | 283 |   |   | 97 |   |   | - |   |   | - |   |
| Operating                leases                   |   |                                                                          | 44,959 |   |   | 6,445 |   |   | 18,095 |   |   | 10,444 |   |   | 9,975 |   |
| Total                contractual cash obligations |   | $                                                                             | 58,874 |   | $ | 11,273 |   | $ | 27,121 |   | $ | 10,505 |   | $ | 9,975 |   |

**Item      3. Quantitative and Qualitative Disclosures about Market      Risk**

*Interest      Rate Risk*

**Item      4. Controls and Procedures**

**Disclosure      Controls and Procedures**

----

**PART      II**

**OTHER      INFORMATION**

**Item      1A. Risk Factors**

**Forward-looking      Statements and Risk Factors **

**A      failure by any of our colleges to comply with extensive federal and state      regulations could have a material adverse impact on its ability to operate      and      grow.**

**Adverse      changes in the rules governing TAP disbursements could materially impede      Interboro’s and TCI’s ability to operate**

**Changes      in Ability to Benefit regulations could materially and adversely affect      Interboro’s and TCI’s ability to operate and grow**

**The      amount and timing of TAP disbursements could materially impede the ability      of      Interboro and TCI to operate.**

**Interboro      may be subject to even more severe action by SED if it is not able to achieve      a      65% persistence rate or to implement other required changes at Interboro to      SED’s satisfaction.**

**A      new TAP requirement relating to accelerated study could have a material adverse      impact on our revenue and retention and graduation rates.**

**Adverse      changes in the rules governing, or the amount or timing of, Pell program      disbursements could materially impede our colleges’ ability to      operate.**

----

**Title      IV program reviews and audits of any EVCI college could result in it being      required to make material refunds of Title IV and TAP funds and EVCI being      required to reduce its operating income by the amount of those refunds.**

**Our      failure to satisfy specific financial responsibility standards established      by      federal and state regulators or the non-governmental agencies that accredit      our      schools could have a material adverse effect on us. **

**A      future TAP audit could result in Interboro or TCI being required to make      material refunds of TAP and Pell grants and EVCI being required to reduce its      operating income by the full amount of those refunds.**

**Over      the longer term, we expect enrollments at, and earnings of, our colleges to      grow      at a much slower rate than they have since we acquired      Interboro.**

**If      Interboro is unable to improve its graduation rate to levels SED deems      acceptable, the Board of Regents may deny or adversely condition Interboro’s      reaccreditation.**

**The      capital and operating costs of implementing Interboro's agreements with      SED, in response to SED’s recommendations, could significantly exceed the      estimates we have made to date.**

**Our      margins may continue to erode if the maximum federal and state grants and loans      do not increase over time.**

**The      seasonality of our enrollments produces significant variations in our results      from quarter to quarter.**

**The      liquidity of our common stock and our ability to raise additional capital when      we may need it most will be adversely affected by a delisting of our common      stock from the Nasdaq Capital Market. **

----

| ·   | The                liquidity of our common stock would be impaired, not only in the                number of                shares that could be bought and sold and lower prices for them, but                also                through delays in the timing of transactions and reduction in security                analysts’ and the news media’s coverage of                us. |
|--------------------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

| ·   | These                trading factors would also make our common stock materially less                attractive to potential sources of financing that we may require                in                connection with a refinancing or repayment of our bank                debt. |
|--------------------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|

**Actual      or threatened legal proceedings against us or any of our colleges by regulatory      agencies or private parties could have a material adverse effect on our      business.**

**Provisions      of laws or regulations, our certificate of incorporation and by-laws and the      terms of the ComVest Financing discourage takeover attempts by any party except,      perhaps, ComVest.**

**The      loss of the services of key management personnel could have a material adverse      effect on our operations and growth. **

**Our      business and results could materially suffer if we improperly balance or divert      resources from our operations to making acquisitions or if we make acquisitions      that do not meet our expectations. **

**We      cannot predict the impact on our future results of negotiations with TCI’s union      to extend the current collective bargaining agreement.**

**If      the operation of a college’s computer system is adversely affected by computer      viruses that are not recognized by available anti-virus software, or for any      other reason, its ability to operate could be severely      impaired.**

**Terrorist      activity, or the threat of it, in the New York Metropolitan area could adversely      affect Interboro and TCI.**

**Interboro’s      inability to foster and maintain relationships with community organizations      in      the communities where its college sites are located could adversely affect      those      sites.**

**The      change in ownership of our common stock as the result of the ComVest Financing      will substantially limit the utilization of our net operating loss      carryforwards.**

**Actual      or potential future sales of shares of our common stock by management could      have      an adverse effect on the market price of our common stock.**

----

**Our      share price has ranged greatly since we went public and may be very volatile      in      the future.**

**Our      classified board limits stockholder voting for election and removal of      directors.**

**Indemnification      and limitation of liability of our officers and directors may insulate them      from      accountability to stockholders at substantial cost to us.**

**Item      3. Defaults Upon Senior Indebtedness**

**Item      6. Exhibits **

| Exhibit                No.* |     | Description                of Exhibit                                                                                                                                                |
|-----------------------------|----------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                        |     |                                                                                                                                                                                 |
| 3.1[1]                 |  -- | Certificate                of Incorporation of the Registrant.                                                                                                                       |
|                        |     |                                                                                                                                                                                 |
| 3.2[1]                 |  -- | Certificate                of Merger of Educational Video Conferencing, Inc. (a New York Corporation)                into the Registrant (a Delaware Corporation).                   |
|                        |     |                                                                                                                                                                                 |
| 3.3[1]                 |  -- | Certificate                of Correction of the Certificate of Incorporation of the                Registrant.                                                                       |
|                        |     |                                                                                                                                                                                 |
| 3.4[3]       |  -- | Certificate                of Amendment, dated February 22, 1999, to Certificate of Incorporation                of                the Registrant.                                   |
|                        |     |                                                                                                                                                                                 |
| 3.5[23]                |  -- | Amended                and Restated By-Laws of the Registrant.                                                                                                                       |
|                        |     |                                                                                                                                                                                 |
| 3.6[5]                 |  -- | Certificate                Eliminating Reference to Series A 7.5% Convertible Preferred Stock                from                the Certificate of Incorporation of the Registrant. |
|                        |     |                                                                                                                                                                                 |
| 3.7[16]                |  -- | Certificate                of Amendment, dated May 23, 2002, to Certificate of Incorporation                of the                Registrant.                                        |

----

| 3.8[5]                       |  -- | Certificate                Eliminating Reference to Series B 7% Convertible Preferred Stock                from the                Certificate of Incorporation of the Registrant.                                                              |
|-----------------------------------|----------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                              |     |                                                                                                                                                                                                                                            |
| 3.9[5]                       |  -- | Certificate                Eliminating Reference to Series C 8% Convertible Preferred Stock                from the                Certificate of Incorporation of the Registrant.                                                              |
|                              |     |                                                                                                                                                                                                                                            |
| 3.10[20]                     |  -- | Certificate                of Amendment, filed August 9, 2004, to Certificate of Incorporation                of the                Registrant.                                                                                                 |
|                              |     |                                                                                                                                                                                                                                            |
| 4.2[2]                       |  -- | Form                of Common Stock certificate.                                                                                                                                                                                                |
|                              |     |                                                                                                                                                                                                                                            |
| 4.3[4]                       |  -- | Warrant                Agreement, dated January 14, 2000, between the Registrant and Bruce.                R.                Kalisch.                                                                                                           |
|                              |     |                                                                                                                                                                                                                                            |
| 4.4[6]                       |  -- | Warrant                Agreement, dated April 18, 2000, between the Registrant and Peter                J.                Solomon Company Limited.                                                                                              |
|                              |     |                                                                                                                                                                                                                                            |
| 4.5[7]                       |  -- | Form                of Warrant issued to each seller of shares of ICTS,                Inc.                                                                                                                                                     |
|                              |     |                                                                                                                                                                                                                                            |
| 4.6[14]                      |  -- | Common                Stock Purchase Warrant issued in September 2003, to purchase 45,000                shares                of the Registrant’s common stock.                                                                          |
|                              |     |                                                                                                                                                                                                                                            |
| 4.7[17]                      |  -- | Common                Stock Purchase Warrant issued to placement agent on March 29,                2004.                                                                                                                                        |
|                              |     |                                                                                                                                                                                                                                            |
| 10.1[28]                     |  -- | Amended                and Restated Employment Agreement between the Registrant and Dr.                Arol I.                Buntzman, dated August 12, 2005.                                                                                  |
|                              |     |                                                                                                                                                                                                                                            |
| 10.2[28]                          |  -- | Amended                and Restated Employment Agreement between the Registrant and Dr.                John J.                McGrath, dated August 12, 2005.                                                                                   |
|                              |     |                                                                                                                                                                                                                                            |
| 10.3                (a)[9]   |  -- | Employment                Agreement between the Registrant and Richard Goldenberg, dated January                1,                2003.                                                                                                         |
|                              |     |                                                                                                                                                                                                                                            |
| 10.3                (b)[23]  |  -- | Letter                agreement, dated September 30, 2005, amending Employment Agreement                between                the Registrant and Richard Goldenberg dated January 1,                2003.                                      |
|                              |     |                                                                                                                                                                                                                                            |
| 10.4[10]                     |  -- | Amended                and Restated 1998 Incentive Stock Option Plan of the                Registrant.                                                                                                                                          |
|                              |     |                                                                                                                                                                                                                                            |
| 10.5[11]                     |  -- | 2001                Non-Qualified Stock Option Plan.                                                                                                                                                                                            |
|                              |     |                                                                                                                                                                                                                                            |
| 10.6[9]                      |  -- | Form                of Change in Control Agreement used for agreements the Registrant                has with                each of Dr. Arol I. Buntzman, Dr. John J. McGrath, and Richard Goldenberg,                dated February 11, 2003. |
|                              |     |                                                                                                                                                                                                                                            |
| 10.7[1]                      |  -- | Form                of Indemnification Agreement. [Used for each director and executive                officer of the Registrant.]                                                                                                              |

----

| 10.8[4]                 |  -- | Stock                Purchase Agreement, dated January 14, 2000, among Bruce R. Kalisch,                Interboro Holding, Inc. and Interboro Institute, Inc.                                                                                                                                                                                                      |
|------------------------------|----------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                         |     |                                                                                                                                                                                                                                                                                                                                                               |
| 10.9[12]                |  -- | Lease                Agreement between 444 Realty Company and Interboro Institute, Inc.                dated                July 27, 1983, as amended by agreements dated September 20, 1988,                September 1, 1992, and February 1, 1993.                                                                                                              |
|                         |     |                                                                                                                                                                                                                                                                                                                                                               |
| 10.10[12]               |  -- | Lease                Agreement between Interboro Institute, Inc. and JUYI, Inc., dated                January                26, 2001.                                                                                                                                                                                                                             |
|                         |     |                                                                                                                                                                                                                                                                                                                                                               |
| 10.11[8]                |  -- | Promissory                Note for $1,000,000, dated August 4, 2003, payable by Interboro Institute,                Inc. to North Fork Bank.                                                                                                                                                                                                                       |
|                         |     |                                                                                                                                                                                                                                                                                                                                                               |
| 10.12[8]                |  -- | Form                of the Registrant’s Subscription and Registration Rights Agreement                relating to the Registrant’s August 1, 2003 issuance of common stock and                warrants.                                                                                                                                                |
|                         |     |                                                                                                                                                                                                                                                                                                                                                               |
| 10.13[13]               |  -- | Settlement                Agreement, made October 3, 2003, between Amaranth Trading L.L.C.                and the                Registrant.                                                                                                                                                                                                                       |
|                         |     |                                                                                                                                                                                                                                                                                                                                                               |
| 10.14[13]               |  -- | Form                of Share Claim Purchase and Registration Rights Agreement between                the                Registrant and each investor acquiring a portion of the Amaranth                Trading                L.L.C.’s rights to claims to shares of EVCI’s common stock upon conversion                of Series B Preferred shares. |
|                         |     |                                                                                                                                                                                                                                                                                                                                                               |
| 10.15[14]               |  -- | Third                Amendment and Lease Extension Agreement, made as of August 1, 2003,                between 444 Realty Company, L.L.C. and Interboro Institute,                Inc.                                                                                                                                                                            |
|                         |     |                                                                                                                                                                                                                                                                                                                                                               |
| 10.16[15]               |  -- | Ownership                and Registration Rights Agreement, dated November 11, 2003, between                the                Registrant and JLF Partners I, L.P., JLF Partners II, L.P. and JLF                Offshore Fund.                                                                                                                                    |
|                         |     |                                                                                                                                                                                                                                                                                                                                                               |
|  10.17(a)[16]           |  -- | Employment                Agreement between the Registrant and Joseph D. Alperin datedJanuary                1, 2004.                                                                                                                                                                                                                                              |
|                         |     |                                                                                                                                                                                                                                                                                                                                                               |
| 10.17                (b)[23] |  -- | Letter                agreement, dated September 30, 2005, amending Employment Agreement                between                the Registrant and Joseph D. Alperin dated January 1,                2004.                                                                                                                                                          |
|                         |     |                                                                                                                                                                                                                                                                                                                                                               |
| 10.18[16]               |  -- | Option                Agreement between the Registrant and Joseph D. Alperin dated January                1, 2004.                                                                                                                                                                                                                                                 |
|                         |     |                                                                                                                                                                                                                                                                                                                                                               |
| 10.19[16]               |  -- | Change                of control letter agreement between the Registrant and Joseph D.                Alperin                dated January 1, 2004.                                                                                                                                                                                                                |
|                         |     |                                                                                                                                                                                                                                                                                                                                                               |
| 10.20[16]               |  -- | Agreement,                made February 28, 2004, between Interboro Institute, Inc. and OPEIU                Local                153, AFL-CIO.                                                                                                                                                                                                                    |

----

| 10.21[17]               |  -- | Securities                Purchase Agreement, dated March 29, 2004, by and among the Registrant                and                each buyer named in the Schedule of Buyers.                                                                                                                                                                                                                                                                                     |
|------------------------------|----------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                         |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 10.22[17]               |  -- | Registration                Rights Agreement, dated March 29, 2004, by and among the Registrant                and                each buyer named in the Schedule of Buyers.                                                                                                                                                                                                                                                                                     |
|                         |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 10.23[18]               |  -- | Ownership                and Registration Rights Agreement, dated April 2, 2004, by and among                the                Registrant and nine funds managed by Wellington Management Company,                LLP.                                                                                                                                                                                                                                           |
|                         |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 10.24[19]               |  -- | 2004                Amended and Restated Incentive Stock Plan                                                                                                                                                                                                                                                                                                                                                                                                     |
|                         |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 10.25[20]               |  -- | Form                of Stock Option Agreement (Nonqualified Stock Option)                                                                                                                                                                                                                                                                                                                                                                                         |
|                         |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 10.26[20]               |  -- | Form                of Stock Option Agreement (Nonqualified Stock Option) covering option                grants to executive officers that were approved at the Registrant’s July                27, 2004 stockholders meeting.                                                                                                                                                                                                                             |
|                         |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 10.27[21]               |  -- | Lease                made November 17, 2003 between Spruce Spires Associates, LP, and                Interboro                Institute, Inc.                                                                                                                                                                                                                                                                                                                     |
|                         |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 10.28                (a)[22] |  -- | Sublease                for Premises at 37-02 Main Street, Flushing, NY 11354, dated March                28, 2005, between Genking, LLC and Interboro Institute, Inc. with                Exhibit                A and letter agreement, dated April 15, 2005, amending such sublease.                                                                                                                                                                           |
|                         |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 10.28                (b)[22] |  -- | Consent                to Sublease, dated April 22, 2005, among Mehran Enterprises Ltd.,                Futurama                Home Furniture of Queens, Inc., Genking, LLC and Interboro Institute,                Inc.                                                                                                                                                                                                                                         |
|                         |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 10.28                (c)[22] |  -- | Sublease,                dated March 30, 2004, between Futurama Home Furniture of Queens,                Inc. and                Genking, LLC.                                                                                                                                                                                                                                                                                                                    |
|                         |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 10.28                (d)[22] |  -- | Agreement                of Lease, dated March 6, 2001, between Mehran Enterprise Ltd. and                Futurama                Home Furniture of Queens, Inc.                                                                                                                                                                                                                                                                                                  |
|                         |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 10.29                [24]    |  -- | Stock                Purchase Agreement, dated September 30, 2005, among EVCI Career Colleges                Holding Corp., Technical Career Institutes, Inc., East Coast Training                Services of Delaware, Inc., East Coast Capital Corp. and North American                Training Services, Inc., with Exhibits (Schedules will be provided                supplementally to the Securities and Exchange Commission upon                request). |
|                         |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 10.30(a)[25]                 |  -- | Loft                Lease dated as of September 1, 2004 between Getty Square Partners                LLC and                Interboro Institute, Inc.                                                                                                                                                                                                                                                                                                             |
|                         |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 10.30(b)[25]                 |  -- | Letter                agreement dated August 18, 2004 between Getty Square Partners LLC                and                Interboro Institute, Inc.                                                                                                                                                                                                                                                                                                               |

----

| 10.30(c)[25]                       |  -- | First                Amendment to Lease dated as of July 14, 2005 between Getty Square                Partners                LLC and Interboro Institute, Inc.                                                                                     |
|------------------------------------|----------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                               |     |                                                                                                                                                                                                                                                |
| 10.31[28]                          |  -- | 2004                Amended and Restated Incentive Stock Plan Restricted Stock Award                Agreement, dated August 12, 2005, between the Registrant and Dr.                Arol I.                Buntzman.                                |
|                               |     |                                                                                                                                                                                                                                                |
| 10.32[28]                          |  -- | 2004                Amended and Restated Incentive Stock Plan Restricted Stock Award                Agreement, dated August 12, 2005, between the Registrant and Dr.                John J.                McGrath.                                 |
|                               |     |                                                                                                                                                                                                                                                |
| 10.33                (a)[26]       |  -- | Credit                Agreement, dated as of September 16, 2005, among the Registrant,                the                Guarantors from time-to-time parties thereto, the lenders from                time-to-time parties thereto and Harris N.A. |
|                               |     |                                                                                                                                                                                                                                                |
| 10.33                (b) [28]      |  -- | First                Amendment to Credit Agreement , dated as of November 10, 2005, between                the                Registrant and Harris, N.A.                                                                                           |
|                               |     |                                                                                                                                                                                                                                                |
| 10.34                [26]          |  -- | Security                Agreement, dated as of September 16, 2005, among EVCI and other Debtors                and Harris N.A.                                                                                                                      |
|                               |     |                                                                                                                                                                                                                                                |
| 10.35                [26]     |  -- | Trademark                Collateral Agreement, dated September 16, 2005, between Technical                Career                Institutes, Inc. and Harris N.A.                                                                                    |
|                               |     |                                                                                                                                                                                                                                                |
| 10.36                [27]     |  -- | Employment                Agreement, dated as of September 29, 2005, between EVCI andJoseph                J. Looney.                                                                                                                               |
|                               |     |                                                                                                                                                                                                                                                |
| 10.37                [27]     |  -- | Change                of control letter agreement, dated September 29, 2005, between EVCI                and                Joseph J. Looney.                                                                                                  |
|                               |     |                                                                                                                                                                                                                                                |
| 10.38                [28]     |  -- | Lease                Agreement between Brill & Sharma Equities and Pennsylvania School of                Business for a term commencing June 1, 2005.                                                                                           |
|                               |     |                                                                                                                                                                                                                                                |
| 10.39                (a)[28]       |  -- | Net                Lease, dated as of December 19, 1997, between Overtime Properties                LLC and                Technical Career Institutes, Inc.                                                                                        |
|                               |     |                                                                                                                                                                                                                                                |
| 10.39                (b)[28]  |  -- | First                Amendment of Lease dated as of October 1, 2002 between Overtime                Properties, LLC and Technical Career Institutes, Inc.                                                                                           |
|                               |     |                                                                                                                                                                                                                                                |
| 10.40                (a)[28]       |  -- | Lease,                dated October 11, 1994, between F.H.E.A. Associates and Technical                Career                Institutes, Inc.                                                                                                       |
|                               |     |                                                                                                                                                                                                                                                |
| 10.40                (b)[28]       |  -- | First                Amendment of Lease, dated January 20, 1995, between F.H.E.A. Associates                and Technical Career Institutes, Inc.                                                                                                   |
|                               |     |                                                                                                                                                                                                                                                |
|  10.40                (c)[28] |  -- | Second                Modification and Extension of Lease Agreement, dated April 15, 2005,                between Eighth Avenue Limited Liability Company and Technical Career                Institutes, Inc.                                      |

----

| 10.41                (a)[28]  |  -- | Collective                Bargaining Agreement between Technical Career Institutes, Inc. and                T.O.P.                Local 2110 UAW, AFL-CIO, effective October 10, 1992- October 9, 1995,                and                covering office clerical employees.                                                                                                                                                                                                                                                                                               |
|------------------------------------|----------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                               |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| 10.41                (b)[28]       |  -- | Memorandum                of Agreement, dated October 10, 1995, between T.O.P. Local 2110                UAW-AFL-CIO and Technical Career Institutes, Inc., amending collective                bargaining agreement between the parties covering office and clerical                employees, which was effective October 10, 1992- October 9,                1995.                                                                                                                                                                                                        |
|                               |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| 10.41                (c)[28]       |  -- | Memorandum                of Agreement, dated October ____, 1998, between T.O.P. Local 2110                UAW-AFL-CIO and Technical Career Institutes, Inc., amending collective                bargaining agreement between the parties covering office clerical                employees, which was effective from October 10, 1995 through October                9,                1998.                                                                                                                                                                               |
|                               |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| 10.41                (d)[28]       |  -- | Collective                Bargaining Agreement between Technical Career Institutes, Inc. and                T.O.P.                Local 2110 UAW-AFL-CIO effective October 10, 1998-October 9, 2001,                covering instructors, laboratory technicians and maintenance persons                (This                agreement amends and restates the prior collective bargaining agreements                with the instructors, laboratory technicians and maintenance                employees.)                                                                |
|                               |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| 10.41                (e)[28]       |  -- | Memorandum                of Agreement, dated October 10, 2001, between T.O.P. Local 2110                UAW-AFL-CIO and Technical Career Institutes, Inc., amending (A) collective                bargaining agreement between the parties covering instructors, laboratory                technicians and maintenance employees and (B) collective bargaining                agreement between the parties covering office clerical employees,                each                such prior agreement effective October 10, 1998 through October 9,                2001. |
|                               |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| 10.41                (f)[28]       |  -- | Memorandum                of Agreement, dated October 10, 2004, between T.O.P. Local 2110                UAW-AFL-CIO and Technical Career Institutes, Inc., amending (A) collective                bargaining agreement between the parties covering instructors, laboratory                technicians and maintenance employees and (B) collective bargaining                agreement between the parties covering office clerical employees,                each                such agreement effective October 10, 2001 through October 9,                2004.       |
|                               |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| 10.42                [29]          |  -- | Letter                agreement, dated March 1, 2006, between the Registrant and Dr.                John J. McGrath.                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|                               |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| 10.43                [29]          |  -- | Form                of Restricted Stock Award Agreement for the restricted stock awards                to                participant's in the March 2006 salary reduction plan, including                Dr. John                J. McGrath, Dr. Arol I. Buntzman and Joseph J. Looney, without Annexes                A                and B.                                                                                                                                                                                                                              |
|                               |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| 10.44                [29]          |  -- | Employment                Agreement, dated March 1, 2006, between the Registrant andJoseph                D. Alperin.                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|                               |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
| 10.45                [29]          |  -- | Restricted                Stock Award Agreement, dated March 1, 2006, between the Registrant                and                Joseph D. Alperin, without Annex A.                                                                                                                                                                                                                                                                                                                                                                                                          |

----

| 10.46[34]                          |  -- | Amended                and Restated Credit Agreement dated as of September 16, 2005, amended                and                restated as of March 31, 2007, among EVCI Career Colleges Holding                Corp.,                the Guarantors from time to time parties hereto, and Harris N.A.                as                lender. Schedules will be provided supplementally to the Securities                and                Exchange Commission upon request. |
|------------------------------------|----------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                               |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 10.47[35]                          |  -- | First                Amendment, made April 30, 2006, to Amended and Restated Credit Agreement                dated as of September 16, 2005 and amended and restated as of March                31,                2006.                                                                                                                                                                                                                                                        |
|                               |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 10.48[36]                          |  -- | Second                Amendment made June 26, 2006, to Amended and Restated Credit Agreement                dated as of September 16, 2005 and amended and restated as of March                31,                2006.                                                                                                                                                                                                                                                         |
|                               |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 10.49[36]                          |  -- | Waiver                Agreement made August 9, 2006 relating to Amended and Restated Credit                Agreement dated September 16, 2005 and amended and restated as of                March                31, 2006.                                                                                                                                                                                                                                                      |
|                               |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|  10.50[37]                    | --       | Letter                Agreement, dated October 24, 2006, between the Registrant andDr.                Arol I. Buntzman.                                                                                                                                                                                                                                                                                                                                                         |
|                               |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 10.51[38]                     | --       | Memorandum                of Agreement dated January 30, 2007 between Office & Professional                Employees International Union, Local 153, AFL-CIO, and Interboro                Institute.                                                                                                                                                                                                                                                                       |
|                               |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 10.52                (a)[38]  | --       | Securities                Purchase Agreement, dated as of April 24, 2007, (the “SPA”) between the                Registrant and ComVest Investment Partners III, L.P. (“ComVest”).                Schedules will be provided supplementally to the Securities and Exchange                Commission upon request.                                                                                                                                      |
|                               |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 10.52                (b)[38]  | --       | Exhibit                A to Securities Purchase Agreement: Form of ComVest Secured Convertible                Promissory .                                                                                                                                                                                                                                                                                                                                                      |
|                               |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 10.52                (c)[38]  | --       | Exhibit                C to Securities Purchase Agreement: Form of Intercreditor                Agreement.                                                                                                                                                                                                                                                                                                                                                                      |
|                               |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 10.52                (d)[38]  | --       | Exhibit                D to Securities Purchase Agreement: Form of ComVest Registration                Rights                Agreement.                                                                                                                                                                                                                                                                                                                                         |
|                               |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 10.52                (e)[38]  | --       | Exhibit                E to Securities Purchase Agreement: Form of Security                Agreement.                                                                                                                                                                                                                                                                                                                                                                           |
|                               |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 10.52                (f)[38]  | --       | Exhibit                F to Securities Purchase Agreement: Form of ComVest                Warrant.                                                                                                                                                                                                                                                                                                                                                                              |
|                               |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 10.53[38]                     | --       | Letter                Agreement regarding employment, dated April 24, 2007, between the                Registrant and Dr. Arol I. Buntzman.                                                                                                                                                                                                                                                                                                                                     |
|                               |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 10.54[38]                     | --       | Letter                Agreement regarding employment, dated April 24, 2007, between the                Registrant and Dr. John J. McGrath.                                                                                                                                                                                                                                                                                                                                      |
|                               |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 10.55[38]                     | --       | Letter                Agreement regarding employment, dated April 24, 2007, between the                Registrant and Joseph D. Alperin, Esq.                                                                                                                                                                                                                                                                                                                                   |
|                               |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 10.56[38]                     | --       | Employment                Agreement, dated April 24, 2007, between the Registrant and Stephen                Schwartz.                                                                                                                                                                                                                                                                                                                                                          |

----

| 10.57                (a)[38]  | --       | Purchase                Agreement, dated April 24, 2007, between the Registrant and Dr. Arol                I.                Buntzman..                                                                                                                                                                                                                           |
|------------------------------------|----------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                               |     |                                                                                                                                                                                                                                                                                                                                                               |
| 10.57                (b)[38]  | --       | Purchase                Agreement, dated April 24, 2007, between the Registrant and Dr. John                J.                McGrath.                                                                                                                                                                                                                             |
|                               |     |                                                                                                                                                                                                                                                                                                                                                               |
| 10.57                (c)[38]  | --       | Purchase                Agreement, dated April 24, 2007, between the Registrant and Joseph                D.                Alperin.                                                                                                                                                                                                                               |
|                               |     |                                                                                                                                                                                                                                                                                                                                                               |
| 10.57                (d)[38]  | --       | Purchase                Agreement, dated April 24, 2007, between the Registrant and Stephen                Schwartz.                                                                                                                                                                                                                                               |
|                               |     |                                                                                                                                                                                                                                                                                                                                                               |
| 10.58[38]                     | --       | Form                of Secured Convertible Promissory Note to be issued by Registrant                to each                of Arol I. Buntzman, John J. McGrath, Joseph D. Alperin and Stephen                Schwartz.                                                                                                                                           |
|                               |     |                                                                                                                                                                                                                                                                                                                                                               |
| 10.59[38]                     | --       | Form                of Warrant to be issued by Registrant.                                                                                                                                                                                                                                                                                                         |
|                               |     |                                                                                                                                                                                                                                                                                                                                                               |
| 10.60[38]                     | --       | Registration                Rights Agreement, dated April 24, 2007, among the Registrant and                Arol I.                Buntzman, John J. McGrath, Joseph D. Alperin and Stephen                Schwartz.                                                                                                                                               |
|                               |     |                                                                                                                                                                                                                                                                                                                                                               |
| 10.61[38]                     | --       | Letter                Agreement, dated April 24, 2007, among ComVest, Dr. Arol I. Buntzman,                Dr.                John J. McGrath, Joseph D. Alperin, Esq. and Stephen                Schwartz.                                                                                                                                                        |
|                               |     |                                                                                                                                                                                                                                                                                                                                                               |
| 10.62[38]                     | --       | Second                Amended and Restated Credit Agreement, dated April 24, 2007, among                the                Registrant, the Guarantors from time to time parties thereto, and                Harris                N.A. as lender. Schedules will be provided supplementally to the                Securities and Exchange Commission upon request. |
|                               |     |                                                                                                                                                                                                                                                                                                                                                               |
| 10.63[38]                          | --       | Pledge                Agreement, dated April 24, 2007, between the Registrant and Harris                N.A.                                                                                                                                                                                                                                                       |
|                               |     |                                                                                                                                                                                                                                                                                                                                                               |
| 31.1**                             |  -- | Certification                of Chief Executive Officer required by Rule 13a-14(a) under the Exchange                Act.                                                                                                                                                                                                                                          |
|                               |     |                                                                                                                                                                                                                                                                                                                                                               |
| 31.2**                        |  -- | Certification                of Chief Financial Officer required by Rule 13a-14(a) under the Exchange                Act.                                                                                                                                                                                                                                          |
|                               |     |                                                                                                                                                                                                                                                                                                                                                               |
| 32.1**                        |  -- | Certification                of Chief Executive Officer pursuant to 18 U.S.C. Section 1350, as                adopted                pursuant to Section 906 of Sarbanes-Oxley Act of 2002.                                                                                                                                                                        |
|                               |     |                                                                                                                                                                                                                                                                                                                                                               |
| 32.2**                        |  -- | Certification                of Chief Financial Officer pursuant to 18 U.S.C. Section 1350, as                adopted                pursuant to Section 906 of Sarbanes-Oxley Act of 2002.                                                                                                                                                                        |
|                               |     |                                                                                                                                                                                                                                                                                                                                                               |
| 99.1[21]                      |  -- | Text                of final report, dated March 7, 2005, detailing the calculation of                the TAP                disallowances resulting from the TAP audit of the 2000-01 through                2002-03                academic years of Interboro Institute,                Inc.                                                                    |

----

| 99.2                [24]  |  -- | Press                Release dated September 30, 2005 related to the announcement of                Exhibit                10.29(a) of this report.                                                                                                                                                                                                                                                                 |
|--------------------------------|----------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                           |     |                                                                                                                                                                                                                                                                                                                                                                                                                |
| 99.3                [27]       |  -- | Press                release dated October 3, 2005 and captioned “EVCI Career Colleges Hires                Joseph J. Looney to serve as Chief Financial Officer.”                                                                                                                                                                                                                                      |
|                           |     |                                                                                                                                                                                                                                                                                                                                                                                                                |
| 99.4                [28]  |  -- | Press                Release dated October 19, 2005 and captioned “EVCI Career Colleges                Receives Draft Report of Compliance Review of Interboro                Institute.”                                                                                                                                                                                                               |
|                           |     |                                                                                                                                                                                                                                                                                                                                                                                                                |
| 99.5[30]                       |  -- | Unaudited                financial statements of Technical Career Institutes, Inc. as of                September                30, 2005 and for the nine months ended September 30, 2005 and 2004,                and                the notes related thereto.                                                                                                                                                   |
|                           |     |                                                                                                                                                                                                                                                                                                                                                                                                                |
| 99.6[30                        |  -- | Audited                financial statements of Technical Career Institutes, Inc. as                ofSeptember                30, 2004 and 2003 and for each of the years in the three-year period                ended                September 30, 2004 and the notes related thereto.                                                                                                                            |
|                           |     |                                                                                                                                                                                                                                                                                                                                                                                                                |
| 99.7                [30]       |  -- | Unaudited                pro forma financial information for the year ended December 31, 2004                and                the nine months ended September 30, 2005 and the notes related thereto.                                                                                                                                                                                                             |
|                           |     |                                                                                                                                                                                                                                                                                                                                                                                                                |
| 99.8                [31]       |  -- | Press                release dated December 5, 2005 and captioned “EVCI Career Colleges                Receives Final Report of Compliance Review of Interboro                Institute.”                                                                                                                                                                                                               |
|                           |     |                                                                                                                                                                                                                                                                                                                                                                                                                |
| 99.9                [31]       |  -- | Draft                Report of Compliance Review of Interboro Institute dated October                7,                2005.                                                                                                                                                                                                                                                                                        |
|                           |     |                                                                                                                                                                                                                                                                                                                                                                                                                |
| 99.10[31]                      |  -- | Response                of Interboro Institute Inc., dated November 3, 2005, to two draft                reports                from the State Education Department of New York.                                                                                                                                                                                                                                    |
|                           |     |                                                                                                                                                                                                                                                                                                                                                                                                                |
| 99.11                [31]      |  -- | Letter                dated November 23, 2005 from Stephen H. Adolphus, President of Interboro                Institute, to Joseph P. Frey, Assistant Commissioner- Office of Quality                Assurance, New York State Education Department outlining Interboro                Institute’s revised admissions screening procedures.                                                                   |
|                           |     |                                                                                                                                                                                                                                                                                                                                                                                                                |
| 99.12                [31]      |  -- | Letter                dated November 21, 2005 from Steven M. Gombos of Ritzert &                Leyton to Joseph P. Frey, Assistant Commissioner, The State Education                Department outlining the results of the independent investigation                for the                Audit Committee of the Board of Directors of EVCI Career Colleges                Holding                Corp. |
|                           |     |                                                                                                                                                                                                                                                                                                                                                                                                                |
| 99.13                [31]      |  -- | Letter                dated December 2, 2005 from Joseph P. Frey, Assistant Commissioner-                Office                of Quality Assurance, the State Education Department of New York                including                attachment titled “State Education Department Analysis of Interboro                Institute’s Response to the Draft Report.”                             |
|                           |     |                                                                                                                                                                                                                                                                                                                                                                                                                |
| 99.14                [32]      |  -- | Press                release dated January 13, 2006 and captioned “EVCI Career Colleges Reports                New Student Caps for Interboro’s Spring 2006 Through Spring 2007                Semesters.”                                                                                                                                                                                        |

----

| 99.15                [32] |  -- | Letter                dated December 19, 2005 with enclosures from the registrant to Joseph                P.                Frey, Assistant Commissioner.                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|---------------------------|----------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                      |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 99.16                [32] |  -- | Letter                dated December 23, 2005 from Johanna Duncan-Poitier, Deputy Commissioner,                to the registrant.                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|                      |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 99.17                [32] |  -- | Letter                dated January 4, 2006 with enclosure from the registrant to Johanna                Duncan-Poitier, Deputy Commissioner.                                                                                                                                                                                                                                                                                                                                                                                                                                                        |
|                      |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 99.18                [32] |  -- | Letter                dated January 11, 2006 from Johanna Duncan-Poitier, Deputy Commissioner,                to the registrant.                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|                      |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 99.19                [33] |  -- | Response                of Interboro Institute to the December 2, 2005 Report from the New                York                State Education Department.                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|                      |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 99.20                [33] |  -- | Letter                dated February 2, 2006 from the New York State Education Department                to                EVCI.                                                                                                                                                                                                                                                                                                                                                                                                                                                                     |
|                      |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 99.21[34]                 |  -- | Interboro                Institute’s Comprehensive Institutional Effectiveness Plan with                transmittal letter from the registrant dated February 22, 2006.                                                                                                                                                                                                                                                                                                                                                                                                                        |
|                      |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 99.22[34]                 |  -- | Letter                dated March 13, 2006 from the New York State Education Department                to the                Registrant.                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|                      |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 99.23[34]                 |  -- | Letter                dated March 14, 2006 from the New York State Education Department                to the                Registrant.                                                                                                                                                                                                                                                                                                                                                                                                                                                             |
|                      |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 99.24[34]                 |  -- | Interboro                Institute’s Mid-Point Self Study dated March 28, 2006 (without attachments                with transmittal letter from the Registrant dated March 30,                2006.)                                                                                                                                                                                                                                                                                                                                                                                           |
|                      |     |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                 |
| 99.25[38]                 | --       | Report                of a Compliance Review of Interboro Institute June 19-20, 2006 and                October                16-18, 2006; transmittal letter dated March 23, 2007 to Registrant                from                Joseph P. Frey of the New York State Education Department; Ratings                for                Each Checked Standard (for use in assessing the Compliance Review),                and                letter dated January 11, 2006 from Johanna Duncan-Poitier, Deputy                Commissioner, referred to in the Compliance                Report). |

| *  | Numbers                inside brackets indicate documents from which exhibits have been                incorporated by reference. |
|----|-----------------------------------------------------------------------------------------------------------------------------------|
| ** | Filed                herewith.                                                                                                    |

| [1] | Incorporated                by reference to the Registrant’s Registration Statement on Form SB-2,                filed October                23, 1998, Registration No. 333-66085. |
|-----|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| [2] | Incorporated                by reference to Amendment No. 4, dated February 10, 1999, to the                Registrant’s Form SB-2, Registration No. 333-66085.                     |
| [3] | Incorporated                by reference to Registrant’s Form 10-QSB for the quarter ended September                30, 1999.                                                       |
| [4] | Incorporated                by reference to the Registrant’s Form 8-K dated January 14,                2000.                                                                        |

----

| [5]  | Incorporated                by reference to the Registrant’s Form 8-K dated October 6,                2000.                                                                                                           |
|------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| [6]  | Incorporated                by reference to the Registrant’s Form 10-QSB for the quarter ended                September 30, 2000.                                                                                     |
| [7]  | Incorporated                by reference to the Registrant’s Form 8-K dated July 1,                2001.                                                                                                              |
| [8]  | Incorporated                by reference to the Registrant’s Form 10-QSB for the quarter ended                September 30, 2003.                                                                                     |
| [9]  | Incorporated                by reference to the Registrant’s Form 10-KSB for the year ended December                31, 2002.                                                                                         |
| [10] | Incorporated                by reference to the Registrant’s Registration Statement on Form S-8 filed                December                31, 2002, Registration No. 333-102310.                                   |
| [11] | Incorporated                by reference to the Registrant’s Registration Statement on Form S-8 filed                October 23, 2001, Registration No. 333-72080.                                                    |
| [12] | Incorporated                by reference to the Registrant’s Form 10-QSB for the quarter ended                September 30, 2003.                                                                                     |
| [13] | Incorporated                by reference to the Registrant’s Form 8-K dated October 10,                2003.                                                                                                          |
| [14] | Incorporated                by reference to the Registrant’s Form 10-QSB for the quarter ended                September 30, 2003.                                                                                     |
| [15] | Incorporated                by reference to Amendment No. 1 to the Registrant’s Registration Statement                on Form                S-3, filed December 4, 2003, Registration No.                333-110567. |
| [16] | Incorporated                by reference to the Registrant’s Form 10-KSB/A for the year ended December                31, 2003.                                                                                       |
| [17] | Incorporated                by reference to the Registrant’s Form 8-K dated March 29,                2004.                                                                                                            |
| [18] | Incorporated                by reference to the Registrant’s Form 10-QSB for the quarter ended                September 30, 2004.                                                                                     |
| [19] | Incorporated                by reference to the Registrant’s definitive Proxy Statement dated May 2,                2005.                                                                                             |
| [20] | Incorporated                by reference to the Registrant’s Form 10-QSB for the quarter ended                September 30, 2004.                                                                                     |
| [21] | Incorporated                by reference to the Registrant’s Form 10-KSB for the year ended December                31, 2004.                                                                                         |
| [22] | Incorporated                by reference to the Registrant’s Form 8-K dated March 7, 2005.                                                                                                                            |
| [23] | Incorporated                by reference to the Registrant’s Form 10-Q for the quarter ended September                30, 2005.                                                                                       |
| [24] | Incorporated                by reference to the Registrant’s Form 8-K dated July 1, 2005.                                                                                                                             |
| [25] | Incorporated                by reference to the Registrant’s Form 8-K dated July 18, 2005.                                                                                                                            |
| [26] | Incorporated                by reference to the Registrant’s Form 8-K dated September 16,                2005.                                                                                                        |
| [27] | Incorporated                by reference to the Registrant’s Form 8-K dated September 29,                2005.                                                                                                        |
| [28] | Incorporated                by reference to the Registrant’s Form 10-Q for the quarter ended September                30, 2005.                                                                                       |
| [29] | Incorporated                by reference to the Registrant’s Form 8-K dated March 1,                2006.                                                                                                             |
| [30] | Incorporated                by reference to the Registrant’s Form 8-K/A dated September 16,                2005.                                                                                                      |
| [31] | Incorporated                by reference to the Registrant’s Form 8-K dated December 5,                2005.                                                                                                          |
| [32] | Incorporated                by reference to the Registrant’s Form 8-K dated January 12,                2006.                                                                                                          |
| [33] | Incorporated                by reference to the Registrant’s Form 8-K dated February 3,                2006.                                                                                                          |
| [34] | Incorporated                by reference to the Registrant’s Form 10-K filed March 31,                2007.                                                                                                           |
| [35] | Incorporated                by reference to the Registrant’s Form 10-Q for the quarter ended March 31,                2006.                                                                                           |
| [36] | Incorporated                by reference to the Registrant’s Form 10-Q for the quarter ended June 30,                2006.                                                                                            |
| [37] | Incorporated                by reference to the Registrant’s Form 8-K dated October 26,                2006.                                                                                                          |
| [38] | Incorporated                by reference to the Registrant’s Form 10-K filed April 27,                2007.                                                                                                           |

----

**SIGNATURES**

|         |                                                                                                   |                                                                                                  |
|--------------|--------------------------------------------------------------------------------------------------------|-------------------------------------------------------------------------------------------------------|
|         | EVCI                  CAREER COLLEGES HOLDING CORP.                                                    |
|    |                                                                                              |                                                                                             |
|         | By:                                                                                          | /s/                   Dr. John J. McGrath                                                        |
|         |                                                                                                   | Dr.                  John J. McGrath                                                                  |
|         |                                                                                                   | Chief                  Executive Officer and President (Principal                  Executive Officer) |
|         |                                                                                                   |                                                                                                  |
|         | By:                                                                                                    | /s/                  Richard Goldenberg                                                               |
|         | Richard                  Goldenberg                                                                    |
|         | Chief                  Financial Officer (Principal                  Financial and Accounting Officer) |

----

**EXHIBIT      INDEX**

| Exhibit                  No.*  |   | Description                  of Exhibit                                                                                                                                                    |
|--------------------------------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                           |   |                                                                                                                                                                                       |
| 3.1[1]                         | --     | Certificate                  of Incorporation of the Registrant.                                                                                                                           |
|                           |   |                                                                                                                                                                                       |
| 3.2[1]                         | --     | Certificate                  of Merger of Educational Video Conferencing, Inc. (a New York Corporation)                  into the Registrant (a Delaware Corporation).                     |
|                           |   |                                                                                                                                                                                       |
| 3.3[1]                         | --     | Certificate                  of Correction of the Certificate of Incorporation of the                  Registrant.                                                                         |
|                           |   |                                                                                                                                                                                       |
| 3.4[3]                    | --     | Certificate                  of Amendment, dated February 22, 1999, to Certificate of Incorporation                  of                  the Registrant.                                   |
|                           |   |                                                                                                                                                                                       |
| 3.5[23]                        | --     | Amended                  and Restated By-Laws of the Registrant.                                                                                                                           |
|                           |   |                                                                                                                                                                                       |
| 3.6[5]                         | --     | Certificate                  Eliminating Reference to Series A 7.5% Convertible Preferred Stock                  from                  the Certificate of Incorporation of the Registrant. |
|                           |   |                                                                                                                                                                                       |
| 3.7[16]                        | --     | Certificate                  of Amendment, dated May 23, 2002, to Certificate of Incorporation                  of the                  Registrant.                                        |
|                           |   |                                                                                                                                                                                       |
| 3.8[5]                         | --     | Certificate                  Eliminating Reference to Series B 7% Convertible Preferred Stock                  from the                  Certificate of Incorporation of the Registrant.   |
|                           |   |                                                                                                                                                                                       |
| 3.9[5]                         | --     | Certificate                  Eliminating Reference to Series C 8% Convertible Preferred Stock                  from the                  Certificate of Incorporation of the Registrant.   |
|                           |   |                                                                                                                                                                                       |
| 3.10[20]                       | --     | Certificate                  of Amendment, filed August 9, 2004, to Certificate of Incorporation                  of the                  Registrant.                                      |
|                           |   |                                                                                                                                                                                       |
| 4.2[2]                         | --     | Form                  of Common Stock certificate.                                                                                                                                         |
|                           |   |                                                                                                                                                                                       |
| 4.3[4]                         | --     | Warrant                  Agreement, dated January 14, 2000, between the Registrant and Bruce.                  R.                  Kalisch.                                                |
|                           |   |                                                                                                                                                                                       |
| 4.4[6]                         | --     | Warrant                  Agreement, dated April 18, 2000, between the Registrant and Peter                  J.                  Solomon Company Limited.                                   |
|                           |   |                                                                                                                                                                                       |
| 4.5[7]                         | --     | Form                  of Warrant issued to each seller of shares of ICTS,                  Inc.                                                                                            |
|                           |   |                                                                                                                                                                                       |
| 4.6[14]                        | --     | Common                  Stock Purchase Warrant issued in September 2003, to purchase 45,000                  shares                  of the Registrant’s common stock.               |
|                           |   |                                                                                                                                                                                       |
| 4.7[17]                        | --     | Common                  Stock Purchase Warrant issued to placement agent on March 29,                  2004.                                                                               |

----

| 10.1[28]                      | --     | Amended                  and Restated Employment Agreement between the Registrant and Dr.                  Arol I.                  Buntzman, dated August 12, 2005.                                                                                                                                                                                                           |
|-------------------------------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                          |   |                                                                                                                                                                                                                                                                                                                                                                           |
| 10.2[28]                      | --     | Amended                  and Restated Employment Agreement between the Registrant and Dr.                  John J.                  McGrath, dated August 12, 2005.                                                                                                                                                                                                            |
|                          |   |                                                                                                                                                                                                                                                                                                                                                                           |
| 10.3                  (a)[9]  | --     | Employment                  Agreement between the Registrant and Richard Goldenberg, dated                  January 1,                  2003.                                                                                                                                                                                                                                  |
|                          |   |                                                                                                                                                                                                                                                                                                                                                                           |
| 10.3                  (b)[23] | --     | Letter                  agreement, dated June 30, 2005, amending Employment Agreement between                  the                  Registrant and Richard Goldenberg dated January 1,                  2003.                                                                                                                                                                  |
|                          |   |                                                                                                                                                                                                                                                                                                                                                                           |
| 10.4[10]                      | --     | Amended                  and Restated 1998 Incentive Stock Option Plan of the                  Registrant.                                                                                                                                                                                                                                                                     |
|                          |   |                                                                                                                                                                                                                                                                                                                                                                           |
| 10.5[11]                      | --     | 2001                  Non-Qualified Stock Option Plan.                                                                                                                                                                                                                                                                                                                         |
|                          |   |                                                                                                                                                                                                                                                                                                                                                                           |
| 10.6[9]                       | --     | Form                  of Change in Control Agreement used for agreements the Registrant                  has with                  each of Dr. Arol I. Buntzman, Dr. John J. McGrath, and Richard                  Goldenberg,                  dated February 11, 2003.                                                                                                       |
|                          |   |                                                                                                                                                                                                                                                                                                                                                                           |
| 10.7[1]                       | --     | Form                  of Indemnification Agreement. [Used for each director and executive                  officer of the Registrant.]                                                                                                                                                                                                                                         |
|                          |   |                                                                                                                                                                                                                                                                                                                                                                           |
| 10.8[4]                       | --     | Stock                  Purchase Agreement, dated January 14, 2000, among Bruce R. Kalisch,                  Interboro Holding, Inc. and Interboro Institute, Inc.                                                                                                                                                                                                              |
|                          |   |                                                                                                                                                                                                                                                                                                                                                                           |
| 10.9[12]                      | --     | Lease                  Agreement between 444 Realty Company and Interboro Institute, Inc.                  dated                  July 27, 1983, as amended by agreements dated September 20, 1988,                  September 1, 1992, and February 1, 1993.                                                                                                                  |
|                          |   |                                                                                                                                                                                                                                                                                                                                                                           |
| 10.10[12]                     | --     | Lease                  Agreement between Interboro Institute, Inc. and JUYI, Inc., dated                  January                  26, 2001.                                                                                                                                                                                                                                   |
|                          |   |                                                                                                                                                                                                                                                                                                                                                                           |
| 10.11[8]                      | --     | Promissory                  Note for $1,000,000, dated August 4, 2003, payable by Interboro                  Institute,                  Inc. to North Fork Bank.                                                                                                                                                                                                              |
|                          |   |                                                                                                                                                                                                                                                                                                                                                                           |
| 10.12[8]                      | --     | Form                  of the Registrant’s Subscription and Registration Rights Agreement                  relating to the Registrant’s August 1, 2003 issuance of common stock and                  warrants.                                                                                                                                                      |
|                          |   |                                                                                                                                                                                                                                                                                                                                                                           |
| 10.13[13]                     | --     | Settlement                  Agreement, made October 3, 2003, between Amaranth Trading L.L.C.                  and the                  Registrant.                                                                                                                                                                                                                             |
|                          |   |                                                                                                                                                                                                                                                                                                                                                                           |
| 10.14[13]                     | --     | Form                  of Share Claim Purchase and Registration Rights Agreement between                  the                  Registrant and each investor acquiring a portion of the Amaranth                  Trading                  L.L.C.’s rights to claims to shares of EVCI’s common stock upon conversion                  of Series B Preferred shares. |

----

| 10.15[14]                      | --     | Third                  Amendment and Lease Extension Agreement, made as of August 1, 2003,                  between 444 Realty Company, L.L.C. and Interboro Institute,                  Inc.                                                                                                  |
|--------------------------------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                           |   |                                                                                                                                                                                                                                                                                           |
| 10.16[15]                      | --     | Ownership                  and Registration Rights Agreement, dated November 11, 2003, between                  the                  Registrant and JLF Partners I, L.P., JLF Partners II, L.P. and                  JLF                  Offshore Fund.                                       |
|                           |   |                                                                                                                                                                                                                                                                                           |
|  10.17(a)[16]             | --     | Employment                  Agreement between the Registrant and Joseph D. Alperin dated January                  1,                  2004.                                                                                                                                                    |
|                           |   |                                                                                                                                                                                                                                                                                           |
| 10.17                  (b)[23] | --     | Letter                  agreement, dated June 30, 2005, amending Employment Agreement between                  the                  Registrant and Joseph D. Alperin dated January 1, 2004.                                                                                                    |
|                           |   |                                                                                                                                                                                                                                                                                           |
| 10.18[16]                      | --     | Option                  Agreement between the Registrant and Joseph D. Alperin dated January                  1,                  2004.                                                                                                                                                        |
|                           |   |                                                                                                                                                                                                                                                                                           |
| 10.19[16]                      | --     | Change                  of control letter agreement between the Registrant and Joseph D.                  Alperin                  dated January 1, 2004.                                                                                                                                      |
|                           |   |                                                                                                                                                                                                                                                                                           |
| 10.20[16]                      | --     | Agreement,                  made February 28, 2004, between Interboro Institute, Inc. and OPEIU                  Local                  153, AFL-CIO.                                                                                                                                          |
|                           |   |                                                                                                                                                                                                                                                                                           |
| 10.21[17]                      | --     | Securities                  Purchase Agreement, dated March 29, 2004, by and among the Registrant                  and                  each buyer named in the Schedule of Buyers.                                                                                                            |
|                           |   |                                                                                                                                                                                                                                                                                           |
| 10.22[17]                      | --     | Registration                  Rights Agreement, dated March 29, 2004, by and among the Registrant                  and                  each buyer named in the Schedule of Buyers.                                                                                                            |
|                           |   |                                                                                                                                                                                                                                                                                           |
| 10.23[18]                      | --     | Ownership                  and Registration Rights Agreement, dated April 2, 2004, by and                  among the                  Registrant and six funds managed by Wellington Management Company,                  LLP.                                                                 |
|                           |   |                                                                                                                                                                                                                                                                                           |
| 10.24[19]                      | --     | 2004                  Amended and Restated Incentive Stock Plan                                                                                                                                                                                                                                |
|                           |   |                                                                                                                                                                                                                                                                                           |
| 10.25[20]                      | --     | Form                  of Stock Option Agreement (Nonqualified Stock Option)                                                                                                                                                                                                                    |
|                           |   |                                                                                                                                                                                                                                                                                           |
| 10.26[20]                      | --     | Form                  of Stock Option Agreement (Nonqualified Stock Option) covering                  option                  grants to executive officers that were approved at the Registrant’s July                  27, 2004 stockholders meeting.                                   |
|                           |   |                                                                                                                                                                                                                                                                                           |
| 10.27[21]                      | --     | Lease                  made November 17, 2003 between Spruce Spires Associates, LP, and                  Interboro                  Institute, Inc.                                                                                                                                            |
|                           |   |                                                                                                                                                                                                                                                                                           |
| 10.28                  (a)[22] | --     | Sublease                  for Premises at 37-02 Main Street, Flushing, NY 11354, dated March                  28,                  2005, between Genking, LLC and Interboro Institute, Inc. withExhibit                  A and letter agreement, dated April 15, 2005, amending such sublease. |

----

| 10.28                  (b)[22]           | --     | Consent                  to Sublease, dated April 22, 2005, among Mehran Enterprises Ltd.,                  Futurama                  Home Furniture of Queens, Inc., Genking, LLC and Interboro Institute,                  Inc.                                                                                                                                                                                                                                                         |
|------------------------------------------|--------|-------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                     |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 10.28                  (c)[22]           | --     | Sublease,                  dated March 30, 2004, between Futurama Home Furniture of Queens,                  Inc. and                  Genking, LLC.                                                                                                                                                                                                                                                                                                                                      |
|                                     |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 10.28                  (d)[22]           | --     | Agreement                  of Lease, dated March 6, 2001, between Mehran Enterprise Ltd. and                  Futurama                  Home Furniture of Queens, Inc.                                                                                                                                                                                                                                                                                                                    |
|                                     |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 10.29                  [24]              | --     | Stock                  Purchase Agreement, dated June 30, 2005, among EVCI Career Colleges                  Holding Corp., Technical Career Institutes, Inc., East Coast Training                  Services of Delaware, Inc., East Coast Capital Corp. and North                  American                  Training Services, Inc., with Exhibits (Schedules will be provided                  supplementally to the Securities and Exchange Commission upon                  request). |
|                                     |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 10.30(a)[25]                             | --     | Loft                  Lease dated as of September 1, 2004 between Getty Square Partners                  LLC and                  Interboro Institute, Inc.                                                                                                                                                                                                                                                                                                                               |
|                                     |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 10.30(b)[25]                             | --     | Letter                  agreement dated August 18, 2004 between Getty Square Partners LLC                  and                  Interboro Institute, Inc.                                                                                                                                                                                                                                                                                                                                 |
|                                     |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 10.30(c)[25]                             | --     | First                  Amendment to Lease dated as of July 14, 2005 between Getty Square                  Partners                  LLC and Interboro Institute, Inc.                                                                                                                                                                                                                                                                                                                     |
|                                     |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 10.31[28]                                | --     | 2004                  Amended and Restated Incentive Stock Plan Restricted Stock Award                   Agreement,                  dated August 12, 2005, between the Registrant and Dr. Arol I.                  Buntzman.                                                                                                                                                                                                                                                        |
|                                     |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 10.32[28]                                | --     | 2004                  Amended and Restated Incentive Stock Plan Restricted Stock Award                  Agreement, dated August 12, 2005, between the Registrant and Dr.                  John J.                  McGrath.                                                                                                                                                                                                                                                               |
|                                     |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 10.33                  (a)[26]           | --     | Credit                  Agreement, dated as of September 16, 2005, among the Registrant,                  the                  Guarantors from time-to-time parties thereto, the lenders from                  time-to-time parties thereto and Harris N.A.                                                                                                                                                                                                                               |
|                                     |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 10.33                  (b) [28]          | --     | First                  Amendment to Credit Agreement , dated as of November 10, 2005,                  between the                  Registrant and Harris, N.A.                                                                                                                                                                                                                                                                                                                           |
|                                     |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 10.34                  [26]         | --     | Security                  Agreement, dated as of September 16, 2005, among EVCI and other                  Debtors                  and Harris N.A.                                                                                                                                                                                                                                                                                                                                       |
|                                     |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 10.35                  [26]    | --     | Trademark                  Collateral Agreement, dated September 16, 2005, between Technical                  Career                  Institutes, Inc. and Harris N.A.                                                                                                                                                                                                                                                                                                                    |

----

| 10.36                  [27]          | --     | Employment                  Agreement, dated as of September 29, 2005, between EVCI and Joseph                  J.                  Looney                                                                                                                                                                                                                                                                                                                                                                                   |
|--------------------------------------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                                 |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 10.37                  [27]          | --     | Change                  of control letter agreement, dated September 29, 2005, between                  EVCI and                  Joseph J. Looney.                                                                                                                                                                                                                                                                                                                                                                     |
|                                 |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 10.38                  [28]          | --     | Lease                  Agreement between Brill & Sharma Equities and Pennsylvania School of                  Business for a term commencing June 1, 2005.                                                                                                                                                                                                                                                                                                                                                                |
|                                 |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 10.39                  (a)[28]       | --     | Net                  Lease, dated as of December 19, 1997, between Overtime Properties                  LLC and                  Technical Career Institutes, Inc.                                                                                                                                                                                                                                                                                                                                                           |
|                                 |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 10.39                  (b)[28]       | --     | First                  Amendment of Lease dated as of October 1, 2002 between Overtime                  Properties, LLC and Technical Career Institutes, Inc.                                                                                                                                                                                                                                                                                                                                                                |
|                                 |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 10.40                  (a)[28]       | --     | Lease,                  dated October 11, 1994, between F.H.E.A. Associates and Technical                  Career                  Institutes, Inc.                                                                                                                                                                                                                                                                                                                                                                          |
|                                 |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 10.40                  (b)[28]       | --     | First                  Amendment of Lease, dated January 20, 1995, between F.H.E.A. Associates                  and Technical Career Institutes, Inc.                                                                                                                                                                                                                                                                                                                                                                        |
|                                 |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|  10.40                  (c)[28] | --     | Second                  Modification and Extension of Lease Agreement, dated April 15,                  2005,                  between Eighth Avenue Limited Liability Company and Technical Career                  Institutes, Inc.                                                                                                                                                                                                                                                                                        |
|                                 |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 10.41                  (a)[28]       | --     | Collective                  Bargaining Agreement between Technical Career Institutes, Inc.                  and T.O.P.                  Local 2110 UAW, AFL-CIO, effective October 10, 1992- October 9,                  1995, and                  covering office clerical employees.                                                                                                                                                                                                                                      |
|                                 |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 10.41                  (b)[28]       | --     | Memorandum                  of Agreement, dated October 10, 1995, between T.O.P. Local 2110                  UAW-AFL-CIO and Technical Career Institutes, Inc., amending collective                  bargaining agreement between the parties covering office and clerical                  employees, which was effective October 10, 1992- October 9,                  1995.                                                                                                                                               |
|                                 |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 10.41                  (c)[28]       | --     | Memorandum                  of Agreement, dated October ____, 1998, between T.O.P. Local 2110                  UAW-AFL-CIO and Technical Career Institutes, Inc., amending collective                  bargaining agreement between the parties covering office clerical                  employees, which was effective from October 10, 1995 through October                  9,                  1998.                                                                                                                    |
|                                 |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
| 10.41                  (d)[28]       | --     | Collective                  Bargaining Agreement between Technical Career Institutes, Inc.                  and T.O.P.                  Local 2110 UAW-AFL-CIO effective October 10, 1998-October 9, 2001,                  covering instructors, laboratory technicians and maintenance persons                  (This                  agreement amends and restates the prior collective bargaining agreements                  with the instructors, laboratory technicians and maintenance                  employees.) |

----

| 10.41                  (e)[28] | --     | Memorandum                  of Agreement, dated October 10, 2001, between T.O.P. Local 2110                  UAW-AFL-CIO and Technical Career Institutes, Inc., amending (A)                  collective                  bargaining agreement between the parties covering instructors,                  laboratory                  technicians and maintenance employees and (B) collective bargaining                  agreement between the parties covering office clerical employees,                  each                  such prior agreement effective October 10, 1998 through October                  9,                  2001. |
|--------------------------------|--------|------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                           |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| 10.41                  (f)[28] | --     | Memorandum                  of Agreement, dated October 10, 2004, between T.O.P. Local 2110                  UAW-AFL-CIO and Technical Career Institutes, Inc., amending (A)                  collective                  bargaining agreement between the parties covering instructors,                  laboratory                  technicians and maintenance employees and (B) collective bargaining                  agreement between the parties covering office clerical employees,                  each                  such agreement effective October 10, 2001 through October 9,                  2004.                        |
|                           |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| 10.42                  [29]    | --     | Letter                  agreement, dated March 1, 2006, between the Registrant and Dr.                  John J.                  McGrath.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|                           |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| 10.43                  [29]    | --     | Form                  of Restricted Stock Award Agreement for the restricted stock awards                  to Dr.                  John J. McGrath, Dr. Arol I. Buntzman and Joseph J. Looney, without                  Annexes A and B.                                                                                                                                                                                                                                                                                                                                                                                                       |
|                           |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| 10.44                  [29]    | --     | Employment                  Agreement, dated March 1, 2006, between the Registrant and Joseph                  D.                  Alperin.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|                           |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| 10.45                  [29]    | --     | Restricted                  Stock Award Agreement, dated March 1, 2006, between the Registrant                  and                  Joseph D. Alperin, without Annex A.                                                                                                                                                                                                                                                                                                                                                                                                                                                                       |
|                           |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| 10.46[34]                      | --     | Amended                  and Restated Credit Agreement dated as of September 16, 2005, amended                  and                  restated as of March 31, 2006, among EVCI Career Colleges Holding                  Corp.,                  the Guarantors from time to time parties hereto, and Harris N.A.                  as                  lender. “Schedules will be provided supplementally to the Securities and                  Exchange Commission upon request.”                                                                                                                                                 |
|                           |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| 10.47[35]                      | --     | First                  Amendment, made April 30, 2006, to Amended and Restated Credit                  Agreement                  dated as of September 16, 2005 and amended and restated as of March                  31,                  2006.                                                                                                                                                                                                                                                                                                                                                                                              |
|                           |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| 10.48[36]                      | --     | Second                  Amendment, made June 26, 2006, to Amended and Restated Credit Agreement                  dated as of September 16, 2005 and amended and restated as of March                  31,                  2006.                                                                                                                                                                                                                                                                                                                                                                                                               |
|                           |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| 10.49[36]                      | --     | Waiver                  Agreement, made August 9, 2006, relating to Amended and Restated                  Credit                  Agreement dated September 16, 2005 and amended and restated as                  of March                  31, 2006.                                                                                                                                                                                                                                                                                                                                                                                          |
|                           |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                           |
| 10.50[37]                      | --     | Letter                  Agreement, dated October 24, 2006, between the Registrant and Dr.                  Arol I.                  Buntzman.                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                  |

----

| 10.51[38]                      | --     | Memorandum                  of Agreement dated January 30, 2007 between Office & Professional                  Employees International Union, Local 153, AFL-CIO, and Interboro                  Institute.                                                                                                                                                     |
|--------------------------------|--------|---------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                           |   |                                                                                                                                                                                                                                                                                                                                                                |
| 10.52                  (a)[38] | --     | Securities                  Purchase Agreement, dated as of April 24, 2007, (the “SPA”) between the                  Registrant and ComVest Investment Partners III, L.P. (“ComVest”).                  Schedules will be provided supplementally to the Securities and                  Exchange                  Commission upon request. |
|                           |   |                                                                                                                                                                                                                                                                                                                                                                |
| 10.52                  (b)[38] | --     | Exhibit                  A to Securities Purchase Agreement: Form of ComVest Secured Convertible                  Promissory .                                                                                                                                                                                                                                      |
|                           |   |                                                                                                                                                                                                                                                                                                                                                                |
| 10.52                  (c)[38] | --     | Exhibit                  C to Securities Purchase Agreement: Form of Intercreditor                  Agreement.                                                                                                                                                                                                                                                      |
|                           |   |                                                                                                                                                                                                                                                                                                                                                                |
| 10.52                  (d)[38] | --     | Exhibit                  D to Securities Purchase Agreement: Form of ComVest Registration                  Rights                  Agreement.                                                                                                                                                                                                                       |
|                           |   |                                                                                                                                                                                                                                                                                                                                                                |
| 10.52                  (e)[38] | --     | Exhibit                  E to Securities Purchase Agreement: Form of Security                  Agreement.                                                                                                                                                                                                                                                           |
|                           |   |                                                                                                                                                                                                                                                                                                                                                                |
| 10.52                  (f)[38] | --     | Exhibit                  F to Securities Purchase Agreement: Form of ComVest                  Warrant.                                                                                                                                                                                                                                                              |
|                           |   |                                                                                                                                                                                                                                                                                                                                                                |
| 10.53[38]                      | --     | Letter                  Agreement regarding employment, dated April 24, 2007, between the                  Registrant and Dr. Arol I. Buntzman.                                                                                                                                                                                                                     |
|                           |   |                                                                                                                                                                                                                                                                                                                                                                |
| 10.54[38]                      | --     | Letter                  Agreement regarding employment, dated April 24, 2007, between the                  Registrant and Dr. John J. McGrath.                                                                                                                                                                                                                      |
|                           |   |                                                                                                                                                                                                                                                                                                                                                                |
| 10.55[38]                      | --     | Letter                  Agreement regarding employment, dated April 24, 2007, between the                  Registrant and Joseph D. Alperin, Esq.                                                                                                                                                                                                                   |
|                           |   |                                                                                                                                                                                                                                                                                                                                                                |
| 10.56[38]                      | --     | Employment                  Agreement, dated April 24, 2007, between the Registrant and Stephen                  Schwartz.                                                                                                                                                                                                                                          |
|                           |   |                                                                                                                                                                                                                                                                                                                                                                |
| 10.57                  (a)[38] | --     | Purchase                  Agreement, dated April 24, 2007, between the Registrant and Dr.                  Arol I.                  Buntzman..                                                                                                                                                                                                                      |
|                           |   |                                                                                                                                                                                                                                                                                                                                                                |
| 10.57                  (b)[38] | --     | Purchase                  Agreement, dated April 24, 2007, between the Registrant and Dr.                  John J.                  McGrath.                                                                                                                                                                                                                        |
|                           |   |                                                                                                                                                                                                                                                                                                                                                                |
| 10.57                  (c)[38] | --     | Purchase                  Agreement, dated April 24, 2007, between the Registrant and Joseph                  D.                  Alperin.                                                                                                                                                                                                                          |
|                           |   |                                                                                                                                                                                                                                                                                                                                                                |
| 10.57                  (d)[38] | --     | Purchase                  Agreement, dated April 24, 2007, between the Registrant and Stephen                  Schwartz.                                                                                                                                                                                                                                            |

----

| 10.58[38]                  | --     | Form                  of Secured Convertible Promissory Note to be issued by Registrant                  to each                  of Arol I. Buntzman, John J. McGrath, Joseph D. Alperin and Stephen                  Schwartz.                                                                                                                                               |
|----------------------------|--------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|                       |   |                                                                                                                                                                                                                                                                                                                                                                           |
| 10.59[38]                  | --     | Form                  of Warrant to be issued by Registrant.                                                                                                                                                                                                                                                                                                                   |
|                       |   |                                                                                                                                                                                                                                                                                                                                                                           |
| 10.60[38]                  | --     | Registration                  Rights Agreement, dated April 24, 2007, among the Registrant and                  Arol I.                  Buntzman, John J. McGrath, Joseph D. Alperin and Stephen                  Schwartz.                                                                                                                                                   |
|                       |   |                                                                                                                                                                                                                                                                                                                                                                           |
| 10.61[38]                  | --     | Letter                  Agreement, dated April 24, 2007, among ComVest, Dr. Arol I. Buntzman,                  Dr.                  John J. McGrath, Joseph D. Alperin, Esq. and Stephen                  Schwartz.                                                                                                                                                            |
|                       |   |                                                                                                                                                                                                                                                                                                                                                                           |
| 10.62[38]                  | --     | Second                  Amended and Restated Credit Agreement, dated April 24, 2007, among                  the                  Registrant, the Guarantors from time to time parties thereto, and                  Harris                  N.A. as lender. Schedules will be provided supplementally to the                  Securities and Exchange Commission upon request. |
|                       |   |                                                                                                                                                                                                                                                                                                                                                                           |
| 10.63[38]                  | --     | Pledge                  Agreement, dated April 24, 2007, between the Registrant and Harris                  N.A.                                                                                                                                                                                                                                                               |
|                       |   |                                                                                                                                                                                                                                                                                                                                                                           |
| 31.1**                     | --     | Certification                  of Chief Executive Officer required by Rule 13a-14(a) under the                  Exchange                  Act.                                                                                                                                                                                                                                 |
|                       |   |                                                                                                                                                                                                                                                                                                                                                                           |
| 31.2**                     | --     | Certification                  of Chief Financial Officer required by Rule 13a-14(a) under the                  Exchange                  Act.                                                                                                                                                                                                                                 |
|                       |   |                                                                                                                                                                                                                                                                                                                                                                           |
| 32.1**                     | --     | Certification                  of Chief Executive Officer pursuant to 18 U.S.C. Section 1350,                  as adopted                  pursuant to Section 906 of Sarbanes-Oxley Act of 2002.                                                                                                                                                                              |
|                       |   |                                                                                                                                                                                                                                                                                                                                                                           |
| 32.2**                     | --     | Certification                  of Chief Financial Officer pursuant to 18 U.S.C. Section 1350,                  as adopted                  pursuant to Section 906 of Sarbanes-Oxley Act of 2002.                                                                                                                                                                              |
|                       |   |                                                                                                                                                                                                                                                                                                                                                                           |
| 99.1[21]                   | --     | Text                  of final report, dated March 7, 2005, detailing the calculation                  of the TAP                  disallowances resulting from the TAP audit of the 2000-01 through                  2002-03                  academic years of Interboro Institute, Inc.                                                                                     |
|                       |   |                                                                                                                                                                                                                                                                                                                                                                           |
| 99.2                  [24] | --     | Press                  Release dated June 30, 2005 related to the announcement of Exhibit                  10.29(a) of this report.                                                                                                                                                                                                                                            |
|                       |   |                                                                                                                                                                                                                                                                                                                                                                           |
| 99.3                  [27] | --     | Press                  release dated October 3, 2005 and captioned “EVCI Career Colleges Hires                  Joseph J. Looney to serve as Chief Financial Officer.”                                                                                                                                                                                             |
|                       |   |                                                                                                                                                                                                                                                                                                                                                                           |
| 99.4                  [28] | --     | Press                  Release dated October 19, 2005 and captioned “EVCI Career Colleges                  Receives Draft Report of Compliance Review of Interboro                  Institute.”                                                                                                                                                                    |

----

| 99.5[30]  | --     | Unaudited                  financial statements of Technical Career Institutes, Inc. as of                  June 30,                  2005 and for the nine months ended June 30, 2005 and 2004, and                  the notes                  related thereto.                                                                                                                                                                 |
|-----------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|      |   |                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 99.6[30]  | --     | Audited                  financial statements of Technical Career Institutes, Inc. as of                  September                  30, 2004 and 2003 and for each of the years in the three-year period                  ended                  September 30, 2004 and the notes related thereto.                                                                                                                               |
|      |   |                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 99.7[30]  | --     | Unaudited                  pro forma financial information for the year ended December 31,                  2004 and                  the nine months ended September 30, 2005 and the notes related                  thereto.                                                                                                                                                                                                    |
|      |   |                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 99.8[31]  | --     | Press                  release dated December 5, 2005 and captioned “EVCI Career Colleges                  Receives Final Report of Compliance Review of Interboro                  Institute.”                                                                                                                                                                                                                       |
|      |   |                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 99.9[31]  | --     | Draft                  Report of Compliance Review of Interboro Institute dated October                  7,                  2005.                                                                                                                                                                                                                                                                                                |
|      |   |                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 99.10[31] | --     | Response                  of Interboro Institute Inc., dated November 3, 2005, to two draft                  reports                  from the State Education Department of New York.                                                                                                                                                                                                                                            |
|      |   |                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 99.11[31] | --     | Letter                  dated November 23, 2005 from Stephen H. Adolphus, President of                  Interboro                  Institute, to Joseph P. Frey, Assistant Commissioner- Office of                  Quality                  Assurance, New York State Education Department outlining Interboro                  Institute’s revised admissions screening procedures.                                       |
|      |   |                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 99.12[31] | --     | Letter                  dated November 21, 2005 from Steven M. Gombos of Ritzert &                  Leyton to Joseph P. Frey, Assistant Commissioner, The State Education                  Department outlining the results of the independent investigation                  for the                  Audit Committee of the Board of Directors of EVCI Career Colleges                  Holding                  Corp. |
|      |   |                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 99.13[31] | --     | Letter                  dated December 2, 2005 from Joseph P. Frey, Assistant Commissioner-                  Office                  of Quality Assurance, the State Education Department of New York                  including                  attachment titled “State Education Department Analysis of Interboro                  Institute’s Response to the Draft Report.”                               |
|      |   |                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 99.14[32] | --     | Press                  release dated January 13, 2006 and captioned “EVCI Career Colleges Reports                  New Student Caps for Interboro’s Spring 2006 Through Spring 2007                  Semesters.”                                                                                                                                                                                                |
|      |   |                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 99.15[32] | --     | Letter                  dated December 19, 2005 with enclosures from the registrant to                  Joseph P.                  Frey, Assistant Commissioner.                                                                                                                                                                                                                                                                  |
|      |   |                                                                                                                                                                                                                                                                                                                                                                                                                              |
| 99.16[32] | --     | Letter                  dated December 23, 2005 from Johanna Duncan-Poitier, Deputy Commissioner,                  to the registrant.                                                                                                                                                                                                                                                                                             |

----

| 99.17[32] | --     | Letter                  dated January 4, 2006 with enclosure from the registrant to Johanna                  Duncan-Poitier, Deputy Commissioner.                                                                                                                                                                                                                                                                                                                                                                                                                                                         |
|-----------|--------|-----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
|      |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 99.18[32] | --     | Letter                  dated January 11, 2006 from Johanna Duncan-Poitier, Deputy Commissioner,                  to the registrant.                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
|      |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 99.19[33] | --     | Response                  of Interboro Institute to the December 2, 2005 Report from the                  New York                  State Education Department.                                                                                                                                                                                                                                                                                                                                                                                                                                           |
|      |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 99.20[33] | --     | Letter                  dated February 2, 2006 from the New York State Education Department                  to                  EVCI.                                                                                                                                                                                                                                                                                                                                                                                                                                                                    |
|      |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 99.21[34] | --     | Interboro                  Institute’s Comprehensive Institutional Effectiveness Plan with                  transmittal letter from the registrant dated February 22, 2006.                                                                                                                                                                                                                                                                                                                                                                                                                         |
|      |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 99.22[34] | --     | Letter                  dated March 13, 2006 from the New York State Education Department                  to the                  Registrant.                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
| 99.23[34] |   | Letter                  dated March 14, 2006 from the New York State Education Department                  to the                  Registrant.                                                                                                                                                                                                                                                                                                                                                                                                                                                            |
|      |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 99.24[34] | --     | Interboro                  Institute’s Mid-Point Self Study dated March 28, 2006 (without attachments                  with transmittal letter from the Registrant dated March 30,                  2006.                                                                                                                                                                                                                                                                                                                                                                                           |
|      |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |
| 99.25[38] | --     | Report                  of a Compliance Review of Interboro Institute June 19-20, 2006                  and October                  16-18, 2006; transmittal letter dated March 23, 2007 to Registrant                  from                  Joseph P. Frey of the New York State Education Department; Ratings                  for                  Each Checked Standard (for use in assessing the Compliance Review),                  and                  letter dated January 11, 2006 from Johanna Duncan-Poitier, Deputy                  Commissioner, referred to in the Compliance Report). |
|      |   |                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                                      |

----

| *      | Numbers                inside brackets indicate documents from which exhibits have been                incorporated by reference.                                          |
|--------|----------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| **     | Filed                herewith.                                                                                                                                             |
|   |                                                                                                                                                                       |
| [1]    | Incorporated                by reference to the Registrant’s Registration Statement on Form SB-2,                filed October 23, 1998, Registration No. 333-66085. |
| [2]    | Incorporated                by reference to Amendment No. 4, dated February 10, 1999, to the                Registrant’s Form SB-2, Registration No. 333-66085.      |
| [3]    | Incorporated                by reference to Registrant’s Form 10-QSB for the quarter ended September                30, 1999.                                        |
| [4]    | Incorporated                by reference to the Registrant’s Form 8-K dated January 14,                2000.                                                         |
| [5]    | Incorporated                by reference to the Registrant’s Form 8-K dated October 6,                2000.                                                          |
| [6]    | Incorporated                by reference to the Registrant’s Form 10-QSB for the quarter ended                September 30, 2000.                                    |
| [7]    | Incorporated                by reference to the Registrant’s Form 8-K dated July 1,                2001.                                                             |

----

| [8]  | Incorporated                by reference to the Registrant’s Form 10-QSB for the quarter ended                September 30, 2003.                                                                      |
|------|--------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|
| [9]  | Incorporated                by reference to the Registrant’s Form 10-KSB for the year ended December                31, 2002.                                                                          |
| [10] | Incorporated                by reference to the Registrant’s Registration Statement on Form S-8 filed                December 31, 2002, Registration No. 333-102310.                                   |
| [11] | Incorporated                by reference to the Registrant’s Registration Statement on Form S-8 filed                October 23, 2001, Registration No. 333-72080.                                     |
| [12] | Incorporated                by reference to the Registrant’s Form 10-QSB for the quarter ended                September 30, 2003.                                                                      |
| [13] | Incorporated                by reference to the Registrant’s Form 8-K dated October 10,                2003.                                                                                           |
| [14] | Incorporated                by reference to the Registrant’s Form 10-QSB for the quarter ended                September 30, 2003.                                                                      |
| [15] | Incorporated                by reference to Amendment No. 1 to the Registrant’s Registration Statement                on Form S-3, filed December 4, 2003, Registration No.                333-110567. |
| [16] | Incorporated                by reference to the Registrant’s Form 10-KSB/A for the year ended December                31, 2003.                                                                        |
| [17] | Incorporated                by reference to the Registrant’s Form 8-K dated March 29,                2004.                                                                                             |
| [18] | Incorporated                by reference to the Registrant’s Form 10-QSB for the quarter ended June                30, 2004.                                                                           |
| [19] | Incorporated                by reference to the Registrant’s definitive Proxy Statement dated May 2,                2005.                                                                              |
| [20] | Incorporated                by reference to the Registrant’s Form 10-QSB for the quarter ended                September 30, 2004.                                                                      |
| [21] | Incorporated                by reference to the Registrant’s Form 10-KSB for the year ended December                31, 2004.                                                                          |
| [22] | Incorporated                by reference to the Registrant’s Form 8-K dated March 7, 2005.                                                                                                             |
| [23] | Incorporated                by reference to the Registrant’s Form 10-Q for the quarter ended March 31,                2005.                                                                            |
| [24] | Incorporated                by reference to the Registrant’s Form 8-K dated July 1, 2005.                                                                                                              |
| [25] | Incorporated                by reference to the Registrant’s Form 8-K dated July 18, 2005.                                                                                                             |
| [26] | Incorporated                by reference to the Registrant’s Form 8-K dated September 16,                2005.                                                                                         |
| [27] | Incorporated                by reference to the Registrant’s Form 8-K dated September 29,                2005.                                                                                         |
| [28] | Incorporated                by reference to the Registrant’s Form 10-Q for the quarter ended September                30, 2005.                                                                        |
| [29] | Incorporated                by reference to the Registrant’s Form 8-K dated March 1,                2006.                                                                                              |
| [30] | Incorporated                by reference to the Registrant’s Form 8-K/A dated September 16,                2005.                                                                                       |
| [31] | Incorporated                by reference to the Registrant’s Form 8-K dated December 5,                2005.                                                                                           |
| [32] | Incorporated                by reference to the Registrant’s Form 8-K dated January 12,                2006.                                                                                           |
| [33] | Incorporated                by reference to the Registrant’s Form 8-K dated February 3,                2006.                                                                                           |
| [34] | Incorporated                by reference to the Registrant’s Form 10-K filed September 30,                2006.                                                                                        |
| [35] | Incorporated                by reference to the Registrant’s Form 10-Q for the quarter ended March 31,                2006.                                                                            |
| [36] | Incorporated                by reference to the Registrant’s Form 10-Q for the quarter ended June 30,                2006.                                                                             |
| [37] | Incorporated                by reference to the Registrant’s Form 8-K dated October 26,                2006.                                                                                           |
| [38] | Incorporated                by reference to the Registrant’s Form 10-K filed April 27,                2007.                                                                                            |

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